Capital Group Core Equity ETF (NYSEARCA:CGUS) Sees Large Decline in Short Interest

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

Institutional Investors Weigh In On Capital Group Core Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Souders Financial Advisors increased its holdings in Capital Group Core Equity ETF by 4.1% in the 4th quarter. Souders Financial Advisors now owns 966,539 shares of the company’s stock worth $38,884,000 after purchasing an additional 38,084 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Capital Group Core Equity ETF by 8.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 146,623 shares of the company’s stock worth $5,899,000 after purchasing an additional 11,865 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Capital Group Core Equity ETF by 12.8% during the fourth quarter. HighTower Advisors LLC now owns 193,659 shares of the company’s stock worth $7,791,000 after purchasing an additional 21,997 shares during the last quarter. Rothschild Wealth LLC acquired a new position in shares of Capital Group Core Equity ETF in the fourth quarter valued at approximately $879,000. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Capital Group Core Equity ETF by 349.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 283,081 shares of the company’s stock valued at $11,388,000 after buying an additional 220,068 shares during the period.

Capital Group Core Equity ETF Price Performance

Capital Group Core Equity ETF stock traded down $0.26 during midday trading on Monday, hitting $45.79. The company’s stock had a trading volume of 970,413 shares, compared to its average volume of 1,130,232. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. Capital Group Core Equity ETF has a 1-year low of $37.19 and a 1-year high of $46.80. The company has a 50-day moving average price of $44.46 and a two-hundred day moving average price of $42.37.

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.