Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Up 453.4% in February

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,314,665 shares, an increase of 453.4% from the January 29th total of 237,567 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,981,728 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 1,981,728 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are short sold.

Capital Group Core Plus Income ETF Stock Up 0.0%

Shares of CGCP traded up $0.01 during trading hours on Thursday, hitting $22.88. The company had a trading volume of 985,470 shares, compared to its average volume of 1,645,649. The firm has a market cap of $6.86 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00. The business has a fifty day moving average of $22.73 and a 200-day moving average of $22.74.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders 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 dividend yield of 4.0%.

Institutional Trading of Capital Group Core Plus Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CGCP. Fifth Third Bancorp bought a new stake in Capital Group Core Plus Income ETF in the third quarter worth approximately $32,000. Central Pacific Bank Trust Division bought a new stake in Capital Group Core Plus Income ETF during the fourth quarter worth $35,000. US Bancorp DE bought a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at approximately $41,000. MAI Capital Management bought a new position in Capital Group Core Plus Income ETF during the second quarter valued at $46,000. Finally, Clearstead Advisors LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter worth about $58,000.

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.