Capital Group Core Equity ETF (NYSEARCA:CGUS) Stock Short Interest Declines 84.4%

Capital Group Core Equity ETF (NYSEARCA:CGUS) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 209,328 shares, a decline of 84.4% from the September 30th total of 1,343,013 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 835,291 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Capital Group Core Equity ETF

Hedge funds have recently modified their holdings of the company. Valmark Advisers Inc. grew its holdings in Capital Group Core Equity ETF by 100.5% during the 1st quarter. Valmark Advisers Inc. now owns 1,333,129 shares of the company’s stock worth $51,219,000 after acquiring an additional 668,137 shares during the period. Cetera Investment Advisers boosted its position in Capital Group Core Equity ETF by 6.3% during the first quarter. Cetera Investment Advisers now owns 6,314,257 shares of the company’s stock valued at $242,594,000 after purchasing an additional 373,840 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Capital Group Core Equity ETF by 16.8% in the 1st quarter. Sei Investments Co. now owns 2,346,850 shares of the company’s stock valued at $90,166,000 after buying an additional 336,992 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Capital Group Core Equity ETF by 33.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,012,598 shares of the company’s stock worth $38,904,000 after purchasing an additional 252,275 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Capital Group Core Equity ETF by 11.2% during the first quarter. Royal Bank of Canada now owns 2,510,189 shares of the company’s stock worth $96,442,000 after buying an additional 251,825 shares during the last quarter.

Capital Group Core Equity ETF Price Performance

Shares of NYSEARCA CGUS traded up $0.19 during mid-day trading on Wednesday, hitting $44.87. The company had a trading volume of 896,035 shares, compared to its average volume of 1,117,414. The business’s 50-day simple moving average is $44.87 and its 200-day simple moving average is $42.92. The firm has a market cap of $12.25 billion, a P/E ratio of 26.31 and a beta of 0.93. Capital Group Core Equity ETF has a 12 month low of $37.19 and a 12 month high of $46.80.

Capital Group Core Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.0901 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%.

Capital Group Core Equity ETF Company Profile

The Capital Group Core Equity ETF (CGUS) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in companies believed to have the potential for appreciation and\u002For dividends. CGUS was launched on Feb 22, 2022 and is managed by Capital Group.