Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Update

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 188,249 shares, a drop of 40.6% from the August 15th total of 316,785 shares. Based on an average daily volume of 1,489,554 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Capital Group Core Plus Income ETF

Institutional investors have recently made changes to their positions in the company. CX Institutional bought a new stake in Capital Group Core Plus Income ETF in the 2nd quarter worth about $35,000. Bessemer Group Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the 1st quarter worth approximately $45,000. Clearstead Advisors LLC purchased a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter worth approximately $58,000. Godfrey Financial Associates Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter worth approximately $65,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter valued at approximately $84,000.

Capital Group Core Plus Income ETF Trading Up 0.0%

Shares of NYSEARCA:CGCP traded up $0.01 during mid-day trading on Wednesday, hitting $21.62. 1,879,253 shares of the company traded hands, compared to its average volume of 1,616,107. The stock has a 50-day moving average price of $22.00 and a two-hundred day moving average price of $22.26. Capital Group Core Plus Income ETF has a 12-month low of $21.59 and a 12-month high of $23.00. The stock has a market cap of $8.28 billion, a P/E ratio of 10.69 and a beta of 0.32.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.1074 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.0%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08.

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.