Short Interest in Capital Group Core Equity ETF (NYSEARCA:CGUS) Decreases By 48.4%
by Sarita Garza · The Markets DailyCapital Group Core Equity ETF (NYSEARCA:CGUS – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 317,984 shares, a decrease of 48.4% from the July 15th total of 616,384 shares. Based on an average daily volume of 1,204,296 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Capital Group Core Equity ETF Stock Down 0.7%
Shares of NYSEARCA CGUS traded down $0.33 during mid-day trading on Friday, hitting $46.05. 886,251 shares of the company were exchanged, compared to its average volume of 1,131,264. The stock has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $42.37. Capital Group Core Equity ETF has a 1-year low of $37.19 and a 1-year high of $46.80. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93.
Institutional Trading of Capital Group Core Equity ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in Capital Group Core Equity ETF by 19.2% during the fourth quarter. LPL Financial LLC now owns 23,734,177 shares of the company’s stock worth $954,826,000 after purchasing an additional 3,824,999 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Capital Group Core Equity ETF by 4.0% during the fourth quarter. Raymond James Financial Inc. now owns 7,308,251 shares of the company’s stock worth $294,011,000 after buying an additional 279,570 shares in the last quarter. Morgan Stanley grew its position in Capital Group Core Equity ETF by 9.7% during the fourth quarter. Morgan Stanley now owns 6,715,499 shares of the company’s stock worth $270,165,000 after buying an additional 592,642 shares during the period. Cetera Investment Advisers grew its position in Capital Group Core Equity ETF by 6.3% during the first quarter. Cetera Investment Advisers now owns 6,314,257 shares of the company’s stock worth $242,594,000 after buying an additional 373,840 shares during the period. Finally, Capital International Investors grew its position in Capital Group Core Equity ETF by 1.1% during the fourth quarter. Capital International Investors now owns 6,046,805 shares of the company’s stock worth $243,263,000 after buying an additional 68,441 shares during the period.
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.