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To achieve the highest possible overall return, the Congress Intermediate Bond ETF chiefly directs its investments into superior, highly-rated debt instruments. This strategy also prioritizes safeguarding the initial capital and ensuring funds remain readily available.

Congress Intermediate Bond ETF (NYSEARCA:CAFX - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 23,793 shares, a growth of 2,942.6% from the July 15th total of 782 shares. Currently, 0.2% of the shares of the stock

On Tuesday, Congress Asset Management released its next ETF, the Congress Intermediate Bond ETF (CAFX). CAFX is actively managed and operates with a net expense ratio of 0.35%.