Capital Group Core Bond ETF (NYSEARCA:CGCB) Short Interest Up 108.9% in January

Capital Group Core Bond ETF (NYSEARCA:CGCB) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 444,895 shares, a growth of 108.9% from the December 31st total of 212,965 shares. Based on an average trading volume of 1,248,904 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 1,248,904 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CGCB. Sigma Planning Corp boosted its holdings in Capital Group Core Bond ETF by 2.2% in the 4th quarter. Sigma Planning Corp now owns 26,063 shares of the company’s stock valued at $691,000 after purchasing an additional 567 shares in the last quarter. Boyer Financial Services Inc. acquired a new stake in shares of Capital Group Core Bond ETF in the 4th quarter valued at approximately $4,984,000. Exencial Wealth Advisors LLC acquired a new stake in shares of Capital Group Core Bond ETF in the 4th quarter valued at approximately $534,000. Quadcap Wealth Management LLC purchased a new stake in shares of Capital Group Core Bond ETF in the fourth quarter valued at approximately $21,121,000. Finally, Comerica Bank grew its holdings in Capital Group Core Bond ETF by 39.0% during the fourth quarter. Comerica Bank now owns 28,989 shares of the company’s stock worth $769,000 after acquiring an additional 8,130 shares during the period.

Capital Group Core Bond ETF Price Performance

Shares of CGCB stock opened at $26.51 on Friday. The company’s 50-day moving average price is $26.58 and its 200-day moving average price is $26.55. Capital Group Core Bond ETF has a twelve month low of $25.57 and a twelve month high of $26.91.

Capital Group Core Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be paid a $0.069 dividend. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, January 30th.

About Capital Group Core Bond ETF

The Capital Group Core Bond ETF (CGCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that invests in US and non-US bonds rated as investment grade. Holdings may also include other debt securities and derivatives. CGCB was launched on Sep 26, 2023 and is issued by Capital Group.