Capital Group Core Balanced ETF (NYSEARCA:CGBL) Short Interest Down 95.0% in March
by Sarita Garza · The Markets DailyCapital Group Core Balanced ETF (NYSEARCA:CGBL – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 37,123 shares, a decline of 95.0% from the March 15th total of 735,802 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,027,152 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of Capital Group Core Balanced ETF
A number of institutional investors have recently bought and sold shares of CGBL. CoreCap Advisors LLC boosted its holdings in Capital Group Core Balanced ETF by 14,657.1% in the 4th quarter. CoreCap Advisors LLC now owns 1,033 shares of the company’s stock valued at $36,000 after purchasing an additional 1,026 shares during the period. US Bancorp DE boosted its holdings in Capital Group Core Balanced ETF by 204.6% in the 3rd quarter. US Bancorp DE now owns 1,645 shares of the company’s stock valued at $57,000 after purchasing an additional 1,105 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Core Balanced ETF by 77.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,306 shares of the company’s stock valued at $81,000 after purchasing an additional 1,006 shares during the period. Godfrey Financial Associates Inc. acquired a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $84,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Core Balanced ETF in the 4th quarter valued at approximately $86,000.
Capital Group Core Balanced ETF Price Performance
NYSEARCA CGBL remained flat at $35.80 during trading on Friday. 726,936 shares of the company’s stock were exchanged, compared to its average volume of 1,285,402. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 25.37 and a beta of 0.71. Capital Group Core Balanced ETF has a 52-week low of $29.28 and a 52-week high of $36.71. The company has a 50 day moving average of $35.57 and a 200 day moving average of $35.36.
Capital Group Core Balanced ETF Company Profile
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.