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

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,001,927 shares, an increase of 326.8% from the April 30th total of 234,739 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,749,419 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Capital Group Core Plus Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CGCP. Fifth Third Bancorp bought a new stake in Capital Group Core Plus Income ETF in the 3rd quarter valued at $32,000. Central Pacific Bank Trust Division bought a new stake in Capital Group Core Plus Income ETF in the fourth quarter worth $35,000. US Bancorp DE bought a new stake in Capital Group Core Plus Income ETF in the third quarter worth $41,000. Bessemer Group Inc. bought a new stake in Capital Group Core Plus Income ETF in the first quarter worth $45,000. Finally, Clearstead Advisors LLC bought a new stake in Capital Group Core Plus Income ETF in the fourth quarter worth $58,000.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA CGCP opened at $22.33 on Friday. The company has a market cap of $7.56 billion, a P/E ratio of 10.69 and a beta of 0.33. The firm’s fifty day moving average is $22.38 and its two-hundred day moving average is $22.59. Capital Group Core Plus Income ETF has a 52-week low of $22.02 and a 52-week high of $23.00.

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.