Capital Group Core Equity ETF (NYSEARCA:CGUS) Short Interest Down 48.4% in July

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 317,984 shares, a decline of 48.4% from the July 15th total of 616,384 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,204,296 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Capital Group Core Equity ETF

A number of hedge funds have recently bought and sold shares of the company. First Horizon Corp purchased a new position in shares of Capital Group Core Equity ETF during the 4th quarter worth $32,000. Bayban acquired a new stake in Capital Group Core Equity ETF during the 1st quarter worth approximately $61,000. CoreCap Advisors LLC increased its position in shares of Capital Group Core Equity ETF by 38.8% in the second quarter. CoreCap Advisors LLC now owns 1,530 shares of the company’s stock worth $68,000 after acquiring an additional 428 shares in the last quarter. Miller Capital Partners Inc. acquired a new stake in Capital Group Core Equity ETF in the 4th quarter valued at $86,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Capital Group Core Equity ETF during the 4th quarter valued at about $127,000.

Capital Group Core Equity ETF Price Performance

Shares of NYSEARCA CGUS traded down $0.33 on Friday, hitting $46.05. The company’s stock had a trading volume of 886,251 shares, compared to its average volume of 1,131,264. Capital Group Core Equity ETF has a 12-month low of $37.19 and a 12-month high of $46.80. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The stock has a 50 day moving average of $44.46 and a 200-day moving average of $42.37.

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.