Capital Group Core Equity ETF (NYSEARCA:CGUS) Short Interest Down 61.7% in January

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 684,668 shares, a drop of 61.7% from the December 31st total of 1,788,276 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,115,529 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 1,115,529 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Capital Group Core Equity ETF Stock Up 0.0%

Shares of CGUS traded up $0.02 during midday trading on Thursday, reaching $41.19. The company had a trading volume of 1,046,765 shares, compared to its average volume of 1,149,782. The firm has a 50 day simple moving average of $40.47 and a 200-day simple moving average of $39.53. 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 market cap of $8.77 billion, a PE ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1055 dividend. This is a positive change from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%.

Institutional Trading of Capital Group Core Equity ETF

A number of large investors have recently made changes to their positions in CGUS. Fifth Third Bancorp bought a new stake in shares of Capital Group Core Equity ETF in the second quarter valued at approximately $40,000. Merit Financial Group LLC boosted its position in Capital Group Core Equity ETF by 1,624.4% in the third quarter. Merit Financial Group LLC now owns 2,107,661 shares of the company’s stock valued at $83,337,000 after buying an additional 1,985,435 shares in the last quarter. Aspire Growth Partners LLC grew its position in Capital Group Core Equity ETF by 15.9% during the 2nd quarter. Aspire Growth Partners LLC now owns 127,590 shares of the company’s stock worth $4,712,000 after acquiring an additional 17,482 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Capital Group Core Equity ETF in the second quarter valued at $4,286,000. Finally, Apollon Wealth Management LLC increased its position in Capital Group Core Equity ETF by 272.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 201,888 shares of the company’s stock valued at $7,983,000 after acquiring an additional 147,649 shares in the last quarter.

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.