Capital Group Core Equity ETF (NYSEARCA:CGUS – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 209,328 shares, a drop of 84.4% from the September 30th total of 1,343,013 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 835,291 shares, the days-to-cover ratio is presently 0.3 days.
Capital Group Core Equity ETF Trading Down 0.1%
Shares of NYSEARCA:CGUS traded down $0.04 on Thursday, reaching $44.83. The company had a trading volume of 1,220,032 shares, compared to its average volume of 1,116,964. Capital Group Core Equity ETF has a 52-week low of $37.19 and a 52-week high of $46.80. The firm’s 50 day simple moving average is $44.86 and its 200-day simple moving average is $42.94. The firm has a market capitalization of $12.25 billion, a PE ratio of 26.31 and a beta of 0.93.
Capital Group Core Equity ETF Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were paid a dividend of $0.0901 per share. This is a positive change from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833. The ex-dividend date was Wednesday, September 30th. This represents a $0.36 annualized dividend and a yield of 0.8%.
Institutional Investors Weigh In On Capital Group Core Equity ETF
A number of institutional investors and hedge funds have recently modified their holdings of CGUS. Cetera Investment Advisers grew its position in Capital Group Core Equity ETF by 6.3% during the 1st quarter. Cetera Investment Advisers now owns 6,314,257 shares of the company’s stock worth $242,594,000 after purchasing an additional 373,840 shares during the period. Royal Bank of Canada increased its stake in shares of Capital Group Core Equity ETF by 11.2% in the 1st quarter. Royal Bank of Canada now owns 2,510,189 shares of the company’s stock valued at $96,442,000 after purchasing an additional 251,825 shares in the last quarter. Sei Investments Co. raised its stake in shares of Capital Group Core Equity ETF by 16.8% during the 1st quarter. Sei Investments Co. now owns 2,346,850 shares of the company’s stock worth $90,166,000 after buying an additional 336,992 shares during the period. Private Advisor Group LLC lifted its holdings in Capital Group Core Equity ETF by 5.8% during the first quarter. Private Advisor Group LLC now owns 2,116,973 shares of the company’s stock valued at $81,334,000 after purchasing an additional 115,820 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Capital Group Core Equity ETF by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 1,343,454 shares of the company’s stock worth $59,757,000 after purchasing an additional 62,260 shares during the last quarter.
About Capital Group Core Equity ETF
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.
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