Short Interest in Capital Group Core Equity ETF (NYSEARCA:CGUS) Increases By 1,004.5%
by Michael Walen · The Markets DailyCapital Group Core Equity ETF (NYSEARCA:CGUS – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,523,677 shares, a growth of 1,004.5% from the May 31st total of 137,957 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 1,073,530 shares, the days-to-cover ratio is presently 1.4 days.
Institutional Investors Weigh In On Capital Group Core Equity ETF
Hedge funds have recently modified their holdings of the business. Blueprint Financial Advisors LLC acquired a new position in shares of Capital Group Core Equity ETF in the third quarter valued at approximately $1,598,000. AA Financial Advisors LLC raised its holdings in shares of Capital Group Core Equity ETF by 5.7% during the fourth quarter. AA Financial Advisors LLC now owns 424,380 shares of the company’s stock worth $17,073,000 after acquiring an additional 23,038 shares during the period. BIP Wealth LLC raised its holdings in shares of Capital Group Core Equity ETF by 12,313.5% during the fourth quarter. BIP Wealth LLC now owns 659,775 shares of the company’s stock worth $26,543,000 after acquiring an additional 654,460 shares during the period. Souders Financial Advisors lifted its position in Capital Group Core Equity ETF by 4.1% in the 4th quarter. Souders Financial Advisors now owns 966,539 shares of the company’s stock valued at $38,884,000 after acquiring an additional 38,084 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Capital Group Core Equity ETF by 1,201.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,661 shares of the company’s stock valued at $11,309,000 after acquiring an additional 264,636 shares in the last quarter.
Capital Group Core Equity ETF Stock Performance
CGUS stock traded down $0.19 during midday trading on Friday, hitting $43.49. 824,557 shares of the company’s stock were exchanged, compared to its average volume of 1,160,500. The stock’s fifty day moving average price is $43.33 and its 200-day moving average price is $41.32. The company has a market cap of $10.44 billion, a PE ratio of 26.31 and a beta of 0.94. Capital Group Core Equity ETF has a one year low of $36.60 and a one year high of $44.60.
About Capital Group Core Equity ETF
The Capital Group Core Equity ETF (CGUS) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in companies believed to have the potential for appreciation and\u002For dividends. CGUS was launched on Feb 22, 2022 and is managed by Capital Group.