Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Up 354.7% in July

Capital Group Core Balanced ETF (NYSEARCA:CGBL) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 769,892 shares, an increase of 354.7% from the June 30th total of 169,326 shares. Based on an average daily volume of 1,815,343 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are short sold.

Capital Group Core Balanced ETF Trading Down 0.1%

NYSEARCA CGBL opened at $37.16 on Friday. The stock has a fifty day simple moving average of $37.51 and a 200-day simple moving average of $36.53. The stock has a market cap of $7.06 billion, a PE ratio of 25.37 and a beta of 0.68. Capital Group Core Balanced ETF has a twelve month low of $33.25 and a twelve month high of $38.20.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its position in shares of Capital Group Core Balanced ETF by 191.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,622,130 shares of the company’s stock valued at $163,300,000 after acquiring an additional 3,033,933 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Capital Group Core Balanced ETF by 27.7% in the 4th quarter. LPL Financial LLC now owns 12,575,716 shares of the company’s stock worth $444,300,000 after acquiring an additional 2,726,819 shares during the last quarter. Advance Capital Management Inc. lifted its holdings in shares of Capital Group Core Balanced ETF by 27.6% in the 1st quarter. Advance Capital Management Inc. now owns 11,973,900 shares of the company’s stock worth $412,022,000 after acquiring an additional 2,588,189 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Capital Group Core Balanced ETF during the 4th quarter worth approximately $63,960,000. Finally, J. Derek Lewis & Associates Inc. purchased a new position in shares of Capital Group Core Balanced ETF during the 4th quarter worth approximately $40,500,000.

About Capital Group Core Balanced ETF

The Capital Group Core Balanced ETF (CGBL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that offers a balanced approach to total return and capital preservation. The fund employs an active asset allocation strategy to invest in equities, debts, money market instruments, and cash. CGBL was launched on Sep 26, 2023 and is issued by Capital Group.