Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 264,241 shares, a drop of 73.6% from the May 14th total of 1,001,927 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,419,003 shares, the short-interest ratio is presently 0.2 days.
Capital Group Core Plus Income ETF Price Performance
Shares of CGCP traded down $0.01 during trading hours on Friday, hitting $22.34. The stock had a trading volume of 985,596 shares, compared to its average volume of 1,625,551. Capital Group Core Plus Income ETF has a 12 month low of $22.02 and a 12 month high of $23.00. The firm has a market capitalization of $7.57 billion, a PE ratio of 10.69 and a beta of 0.32. The stock has a fifty day moving average price of $22.37 and a 200 day moving average price of $22.56.
Institutional Trading of Capital Group Core Plus Income ETF
Several large investors have recently modified their holdings of CGCP. Fifth Third Bancorp bought a new stake in shares of Capital Group Core Plus Income ETF in the third quarter worth $32,000. Central Pacific Bank Trust Division bought a new stake in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $35,000. US Bancorp DE bought a new stake in shares of Capital Group Core Plus Income ETF in the third quarter worth $41,000. Bessemer Group Inc. bought a new stake in shares of Capital Group Core Plus Income ETF in the first quarter worth $45,000. Finally, Clearstead Advisors LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the fourth quarter worth $58,000.
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.
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