Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Significant Growth in Short Interest

by · The Markets Daily

Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 602,125 shares, a growth of 84.1% from the December 31st total of 327,000 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,482,890 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 1,482,890 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in Capital Group Core Plus Income ETF in the third quarter valued at approximately $32,000. Central Pacific Bank Trust Division acquired a new stake in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $35,000. US Bancorp DE purchased a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth $41,000. MAI Capital Management purchased a new stake in shares of Capital Group Core Plus Income ETF in the second quarter worth about $46,000. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its position in Capital Group Core Plus Income ETF by 85.2% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock worth $96,000 after acquiring an additional 1,937 shares in the last quarter.

Capital Group Core Plus Income ETF Trading Down 0.4%

Shares of NYSEARCA CGCP traded down $0.08 during trading on Friday, reaching $22.64. The company had a trading volume of 1,018,982 shares, compared to its average volume of 1,517,954. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00. The stock has a market capitalization of $6.85 billion, a PE ratio of 10.69 and a beta of 0.36. The stock has a 50-day moving average price of $22.71 and a two-hundred day moving average price of $22.69.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be paid a $0.0767 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 4.1%.

About Capital Group Core Plus Income ETF

(Get Free Report)

The Capital Group Core Plus Income ETF (CGCP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively invests in bonds and other debt securities issued by corporate and government entities from around the globe, with no limitations regarding credit ratings and maturities. CGCP was launched on Feb 22, 2022 and is managed by Capital Group.

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