Capital Group Core Equity ETF (NYSEARCA:CGUS) Sees Significant Drop in Short Interest
by Scott Moore · The Cerbat GemCapital Group Core Equity ETF (NYSEARCA:CGUS – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 235,634 shares, a decrease of 53.8% from the February 26th total of 509,537 shares. Based on an average daily trading volume, of 1,281,803 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Capital Group Core Equity ETF during the fourth quarter worth approximately $10,950,000. Rockefeller Capital Management L.P. grew its position in Capital Group Core Equity ETF by 21.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 65,444 shares of the company’s stock valued at $2,633,000 after buying an additional 11,387 shares during the last quarter. Advisortrust Partners LLC acquired a new position in Capital Group Core Equity ETF in the 4th quarter valued at $2,910,000. Worthington Financial Partners LLC acquired a new position in Capital Group Core Equity ETF in the 4th quarter valued at $4,410,000. Finally, NWF Advisory Services Inc. raised its position in Capital Group Core Equity ETF by 2.5% during the 4th quarter. NWF Advisory Services Inc. now owns 23,278 shares of the company’s stock worth $936,000 after buying an additional 571 shares during the last quarter.
Capital Group Core Equity ETF Trading Down 1.8%
Shares of NYSEARCA CGUS traded down $0.68 during midday trading on Friday, reaching $37.48. 1,292,718 shares of the company were exchanged, compared to its average volume of 1,182,534. Capital Group Core Equity ETF has a 1 year low of $28.95 and a 1 year high of $41.38. The stock has a fifty day simple moving average of $40.25 and a 200 day simple moving average of $40.07. The stock has a market cap of $8.04 billion, a P/E ratio of 26.31 and a beta of 0.92.
Capital Group Core Equity ETF Company Profile
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.