Short Interest in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Decreases By 40.6%

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 188,249 shares, a decrease of 40.6% from the August 15th total of 316,785 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,489,554 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group Core Plus Income ETF Stock Up 0.0%

CGCP traded up $0.01 during trading hours on Wednesday, hitting $21.62. The stock had a trading volume of 1,879,253 shares, compared to its average volume of 1,616,107. Capital Group Core Plus Income ETF has a 1 year low of $21.59 and a 1 year high of $23.00. The company’s fifty day simple moving average is $22.00 and its 200 day simple moving average is $22.26. The stock has a market cap of $8.28 billion, a PE ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a dividend of $0.1074 per share. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date was Friday, July 31st.

Institutional Trading of Capital Group Core Plus Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Investment Management LLC grew its holdings in shares of Capital Group Core Plus Income ETF by 11.0% during the fourth quarter. Kestra Investment Management LLC now owns 1,619,964 shares of the company’s stock worth $36,676,000 after purchasing an additional 160,802 shares in the last quarter. Harbour Investments Inc. raised its stake in Capital Group Core Plus Income ETF by 33.8% in the fourth quarter. Harbour Investments Inc. now owns 2,819,563 shares of the company’s stock valued at $63,835,000 after purchasing an additional 711,803 shares in the last quarter. Midwest Heritage Bank FSB raised its stake in Capital Group Core Plus Income ETF by 22.4% in the first quarter. Midwest Heritage Bank FSB now owns 1,326,985 shares of the company’s stock valued at $29,645,000 after purchasing an additional 242,411 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Capital Group Core Plus Income ETF during the fourth quarter valued at approximately $17,236,000. Finally, Core Wealth Partners LLC lifted its position in Capital Group Core Plus Income ETF by 11.3% during the fourth quarter. Core Wealth Partners LLC now owns 272,517 shares of the company’s stock valued at $6,170,000 after purchasing an additional 27,646 shares during the last quarter.

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.