Capital Group Core Plus Income ETF (NYSEARCA:CGCP – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 344,988 shares, a drop of 91.6% from the June 15th total of 4,098,119 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,707,101 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Capital Group Core Plus Income ETF
A number of hedge funds and other institutional investors have recently modified their holdings of CGCP. Central Pacific Bank Trust Division acquired a new position in shares of Capital Group Core Plus Income ETF in the fourth quarter valued at about $35,000. CX Institutional bought a new stake in Capital Group Core Plus Income ETF in the 2nd quarter valued at about $35,000. US Bancorp DE bought a new stake in Capital Group Core Plus Income ETF in the 3rd quarter valued at about $41,000. Bessemer Group Inc. acquired a new position in shares of Capital Group Core Plus Income ETF during the 1st quarter worth approximately $45,000. Finally, Clearstead Advisors LLC acquired a new position in shares of Capital Group Core Plus Income ETF during the 4th quarter worth approximately $58,000.
Capital Group Core Plus Income ETF Price Performance
CGCP traded down $0.03 during trading on Friday, hitting $22.17. The stock had a trading volume of 1,023,439 shares, compared to its average volume of 1,619,349. The company has a 50 day moving average price of $22.30 and a 200-day moving average price of $22.50. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a one year low of $22.02 and a one year high of $23.00.
Capital Group Core Plus Income ETF Company Profile
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.
See Also
- Five stocks we like better than Capital Group Core Plus Income ETF
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Capital Group Core Plus Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Core Plus Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
