Capital Group Core Equity ETF (NYSEARCA:CGUS) Sees Large Drop in Short Interest

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 137,957 shares, a decrease of 70.3% from the May 14th total of 464,573 shares. Based on an average trading volume of 1,396,616 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Capital Group Core Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. WealthCare Investment Partners LLC increased its holdings in shares of Capital Group Core Equity ETF by 0.6% during the fourth quarter. WealthCare Investment Partners LLC now owns 42,338 shares of the company’s stock worth $1,709,000 after buying an additional 250 shares in the last quarter. Ascent Group LLC increased its holdings in Capital Group Core Equity ETF by 1.7% in the fourth quarter. Ascent Group LLC now owns 15,110 shares of the company’s stock valued at $608,000 after purchasing an additional 256 shares during the period. Cim LLC increased its holdings in Capital Group Core Equity ETF by 2.3% in the third quarter. Cim LLC now owns 11,444 shares of the company’s stock valued at $452,000 after purchasing an additional 262 shares during the period. Arax Advisory Partners increased its holdings in Capital Group Core Equity ETF by 5.0% in the fourth quarter. Arax Advisory Partners now owns 5,919 shares of the company’s stock valued at $238,000 after purchasing an additional 283 shares during the period. Finally, Mascagni Wealth Management Inc. increased its holdings in Capital Group Core Equity ETF by 4.1% in the first quarter. Mascagni Wealth Management Inc. now owns 7,931 shares of the company’s stock valued at $305,000 after purchasing an additional 313 shares during the period.

Capital Group Core Equity ETF Trading Up 0.5%

Shares of Capital Group Core Equity ETF stock traded up $0.23 during trading hours on Friday, reaching $43.71. 1,073,626 shares of the company’s stock were exchanged, compared to its average volume of 1,171,990. The company has a 50 day moving average of $42.56 and a two-hundred day moving average of $41.05. Capital Group Core Equity ETF has a fifty-two week low of $35.38 and a fifty-two week high of $44.60. The stock has a market cap of $10.49 billion, a P/E ratio of 26.31 and a beta of 0.94.

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.