Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Significant Increase in Short Interest

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,001,927 shares, a growth of 326.8% from the April 30th total of 234,739 shares. Based on an average daily trading volume, of 1,749,419 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several large investors have recently made changes to their positions in CGCP. Alpha Capital Advisors Inc. ADV raised its holdings in Capital Group Core Plus Income ETF by 0.4% in the 1st quarter. Alpha Capital Advisors Inc. ADV now owns 331,524 shares of the company’s stock worth $7,406,000 after acquiring an additional 1,421 shares during the last quarter. Security Financial Services INC. raised its holdings in Capital Group Core Plus Income ETF by 24.7% in the 1st quarter. Security Financial Services INC. now owns 27,185 shares of the company’s stock worth $607,000 after acquiring an additional 5,381 shares during the last quarter. Ruggaard & Associates LLC raised its holdings in Capital Group Core Plus Income ETF by 1.6% in the 1st quarter. Ruggaard & Associates LLC now owns 634,983 shares of the company’s stock worth $14,186,000 after acquiring an additional 10,245 shares during the last quarter. WNY Asset Management LLC purchased a new position in Capital Group Core Plus Income ETF in the 1st quarter worth approximately $94,023,000. Finally, J. Derek Lewis & Associates Inc. raised its holdings in Capital Group Core Plus Income ETF by 3.9% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 660,252 shares of the company’s stock worth $14,786,000 after acquiring an additional 24,764 shares during the last quarter.

Capital Group Core Plus Income ETF Stock Down 0.3%

Shares of NYSEARCA CGCP traded down $0.06 on Friday, reaching $22.33. 1,194,321 shares of the company’s stock traded hands, compared to its average volume of 1,630,606. The business’s 50 day simple moving average is $22.38 and its two-hundred day simple moving average is $22.59. Capital Group Core Plus Income ETF has a 12 month low of $22.02 and a 12 month high of $23.00. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 10.69 and a beta of 0.33.

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.