Short Interest in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Rises By 39.2%

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 327,000 shares, a growth of 39.2% from the December 15th total of 234,925 shares. Based on an average trading volume of 1,323,123 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,323,123 shares, the short-interest ratio is currently 0.2 days.

Capital Group Core Plus Income ETF Stock Performance

Capital Group Core Plus Income ETF stock opened at $22.70 on Monday. The company has a market cap of $6.64 billion, a P/E ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00. The business has a fifty day moving average of $22.70 and a two-hundred day moving average of $22.68.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.1183 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Wednesday, December 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC boosted its stake in shares of Capital Group Core Plus Income ETF by 63.4% during the 1st quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock worth $335,000 after acquiring an additional 5,790 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Capital Group Core Plus Income ETF in the 1st quarter valued at approximately $2,904,000. Focus Partners Wealth acquired a new position in Capital Group Core Plus Income ETF during the first quarter worth $313,000. Dynamic Advisor Solutions LLC raised its holdings in Capital Group Core Plus Income ETF by 12.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 101,908 shares of the company’s stock worth $2,293,000 after purchasing an additional 11,285 shares during the last quarter. Finally, KMG Fiduciary Partners LLC boosted its position in Capital Group Core Plus Income ETF by 5.2% during the second quarter. KMG Fiduciary Partners LLC now owns 73,022 shares of the company’s stock worth $1,643,000 after purchasing an additional 3,629 shares in 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.