Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Down 62.2% in March

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 362,704 shares, a decrease of 62.2% from the March 15th total of 958,647 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,671,645 shares, the short-interest ratio is currently 0.2 days.

Capital Group Core Plus Income ETF Trading Up 0.3%

CGCP stock traded up $0.07 during mid-day trading on Monday, reaching $22.50. The company’s stock had a trading volume of 1,204,189 shares, compared to its average volume of 1,666,339. The stock has a market cap of $7.43 billion, a PE ratio of 10.69 and a beta of 0.35. Capital Group Core Plus Income ETF has a fifty-two week low of $21.95 and a fifty-two week high of $23.00. The company’s 50 day moving average is $22.59 and its two-hundred day moving average is $22.69.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0845 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

Institutional Trading of Capital Group Core Plus Income ETF

A number of hedge funds have recently bought and sold shares of CGCP. Capital International Investors raised its holdings in Capital Group Core Plus Income ETF by 24.7% in the 4th quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock valued at $934,276,000 after acquiring an additional 8,184,599 shares during the last quarter. LPL Financial LLC raised its holdings in Capital Group Core Plus Income ETF by 25.1% in the 4th quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock valued at $537,082,000 after acquiring an additional 4,757,976 shares during the last quarter. Morgan Stanley grew its stake in shares of Capital Group Core Plus Income ETF by 14.2% in the 4th quarter. Morgan Stanley now owns 18,386,647 shares of the company’s stock valued at $416,274,000 after buying an additional 2,287,585 shares during the period. Merit Financial Group LLC grew its stake in shares of Capital Group Core Plus Income ETF by 1,078.9% in the 3rd quarter. Merit Financial Group LLC now owns 2,259,377 shares of the company’s stock valued at $51,333,000 after buying an additional 2,067,719 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Capital Group Core Plus Income ETF by 14.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,897,308 shares of the company’s stock valued at $337,275,000 after buying an additional 1,861,484 shares during the period.

About Capital Group Core Plus Income ETF

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.