Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Down 73.6% in May

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 264,241 shares, a decline of 73.6% from the May 14th total of 1,001,927 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,419,003 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Capital Group Core Plus Income ETF

Several institutional investors and hedge funds have recently modified their holdings of CGCP. Fifth Third Bancorp purchased a new stake in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at about $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at about $35,000. US Bancorp DE purchased a new stake in shares of Capital Group Core Plus Income ETF in the 3rd quarter valued at about $41,000. Bessemer Group Inc. purchased a new stake in shares of Capital Group Core Plus Income ETF in the 1st quarter valued at about $45,000. Finally, Clearstead Advisors LLC purchased a new stake in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at about $58,000.

Capital Group Core Plus Income ETF Stock Down 0.0%

Shares of CGCP stock traded down $0.01 on Friday, reaching $22.34. The company’s stock had a trading volume of 985,596 shares, compared to its average volume of 1,625,551. The company has a market capitalization of $7.57 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 12-month low of $22.02 and a 12-month high of $23.00. The stock’s 50 day simple moving average is $22.37 and its 200-day simple moving average is $22.56.

Capital Group Core Plus Income ETF Company Profile

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.