Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Up 63.9% in December

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 234,925 shares, a growth of 63.9% from the November 30th total of 143,318 shares. Based on an average daily volume of 1,397,061 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,397,061 shares, the days-to-cover ratio is currently 0.2 days.

Capital Group Core Plus Income ETF Stock Performance

Shares of CGCP remained flat at $22.66 during trading hours on Friday. 1,181,793 shares of the stock traded hands, compared to its average volume of 1,187,125. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The stock has a 50 day moving average price of $22.75 and a two-hundred day moving average price of $22.65. Capital Group Core Plus Income ETF has a 52 week low of $21.74 and a 52 week high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.1183 per share. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Wednesday, December 24th.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Large investors have recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at $32,000. US Bancorp DE bought a new position in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at $41,000. MAI Capital Management acquired a new stake in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at $46,000. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of 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 valued at $96,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Capital Group Core Plus Income ETF by 190.2% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,490 shares of the company’s stock worth $101,000 after acquiring an additional 2,943 shares during the last quarter.

About Capital Group Core Plus Income ETF

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.