Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Update

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 237,567 shares, a drop of 60.5% from the January 15th total of 602,125 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,553,103 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,553,103 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Capital Group Core Plus Income ETF Stock Up 0.3%

Shares of CGCP traded up $0.06 during trading hours on Friday, reaching $22.87. 2,154,056 shares of the company traded hands, compared to its average volume of 1,672,525. The stock has a market capitalization of $6.85 billion, a P/E ratio of 10.69 and a beta of 0.36. The business has a fifty day moving average price of $22.70 and a 200-day moving average price of $22.72. Capital Group Core Plus Income ETF has a 12-month low of $21.74 and a 12-month high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a dividend of $0.0767 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its position in shares of Capital Group Core Plus Income ETF by 18.6% in the fourth quarter. Kestra Advisory Services LLC now owns 361,040 shares of the company’s stock valued at $8,174,000 after purchasing an additional 56,647 shares during the period. Inspire Advisors LLC boosted its holdings in Capital Group Core Plus Income ETF by 2.5% in the 4th quarter. Inspire Advisors LLC now owns 194,955 shares of the company’s stock worth $4,414,000 after buying an additional 4,788 shares during the last quarter. Stifel Financial Corp increased its stake in Capital Group Core Plus Income ETF by 0.6% during the 4th quarter. Stifel Financial Corp now owns 2,414,848 shares of the company’s stock worth $54,672,000 after buying an additional 14,107 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Capital Group Core Plus Income ETF by 1.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 262,291 shares of the company’s stock valued at $5,951,000 after acquiring an additional 3,769 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $200,000.

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.