Short Interest in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Expands By 84.1%

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 602,125 shares, a growth of 84.1% from the December 31st total of 327,000 shares. Based on an average daily volume of 1,482,890 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,482,890 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CGCP. Fifth Third Bancorp acquired a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth $32,000. Central Pacific Bank Trust Division purchased a new stake in Capital Group Core Plus Income ETF during the fourth quarter worth about $35,000. US Bancorp DE acquired a new position in Capital Group Core Plus Income ETF during the third quarter worth about $41,000. MAI Capital Management purchased a new position in Capital Group Core Plus Income ETF in the second quarter valued at about $46,000. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of Capital Group Core Plus Income ETF by 85.2% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 4,211 shares of the company’s stock valued at $96,000 after acquiring an additional 1,937 shares during the period.

Capital Group Core Plus Income ETF Stock Down 0.4%

Shares of NYSEARCA CGCP traded down $0.08 during mid-day trading on Friday, hitting $22.64. 1,018,982 shares of the company were exchanged, compared to its average volume of 1,517,954. Capital Group Core Plus Income ETF has a 1-year low of $21.74 and a 1-year high of $23.00. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The stock has a 50 day simple moving average of $22.70 and a 200-day simple moving average of $22.70.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be issued a $0.0767 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, January 30th.

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.