Congress Intermediate Bond ETF (NYSEARCA:CAFX) Short Interest Down 76.5% in May
by Tristan Rich · The Markets DailyCongress Intermediate Bond ETF (NYSEARCA:CAFX – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,255 shares, a decrease of 76.5% from the May 14th total of 18,132 shares. Based on an average daily trading volume, of 24,485 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Trading of Congress Intermediate Bond ETF
An institutional investor recently bought a new position in Congress Intermediate Bond ETF stock. JPMorgan Chase & Co. bought a new stake in shares of Congress Intermediate Bond ETF (NYSEARCA:CAFX – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,497 shares of the company’s stock, valued at approximately $113,000.
Congress Intermediate Bond ETF Stock Up 0.4%
CAFX stock traded up $0.10 during midday trading on Thursday, reaching $24.72. 34,263 shares of the company’s stock traded hands, compared to its average volume of 58,265. Congress Intermediate Bond ETF has a 52-week low of $24.56 and a 52-week high of $25.38. The stock’s 50-day moving average is $24.77 and its 200 day moving average is $24.93.
Congress Intermediate Bond ETF Company Profile
The Congress Intermediate Bond ETF (CAFX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of primarily USD-denominated, investment grade securities. This fund aims to maintain a dollar-weighted average portfolio maturity of zero to ten years. CAFX was launched on Sep 9, 2024 and is issued by Congress.