Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Stock Short Interest Report for October

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,284,337 shares, an increase of 639.4% from the September 30th total of 173,689 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,893,660 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Capital Group Core Plus Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. SYM FINANCIAL Corp acquired a new stake in Capital Group Core Plus Income ETF in the 3rd quarter valued at about $31,000. CX Institutional purchased a new stake in Capital Group Core Plus Income ETF in the 2nd quarter valued at $35,000. Bessemer Group Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the 1st quarter worth $45,000. Latitude Advisors LLC bought a new position in Capital Group Core Plus Income ETF during the third quarter worth about $44,000. Finally, Trust Co. of Vermont bought a new position in shares of Capital Group Core Plus Income ETF in the second quarter worth $110,000.

Capital Group Core Plus Income ETF Price Performance

Shares of NYSEARCA:CGCP traded up $0.07 during midday trading on Thursday, reaching $21.61. The company had a trading volume of 470,089 shares, compared to its average volume of 1,732,040. The stock has a market capitalization of $8.59 billion, a P/E ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a one year low of $21.08 and a one year high of $22.90. The stock’s fifty day moving average price is $21.60 and its 200-day moving average price is $22.21.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a dividend of $0.0925 per share. This represents a $1.11 annualized dividend and a yield of 5.1%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0868. The ex-dividend date was Tuesday, September 29th.

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.