Short Interest in Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Increases By 39.2%

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 327,000 shares, an increase of 39.2% from the December 15th total of 234,925 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,323,123 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,323,123 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP traded down $0.03 on Friday, hitting $22.70. The company’s stock had a trading volume of 1,425,450 shares, compared to its average volume of 1,477,623. Capital Group Core Plus Income ETF has a fifty-two week low of $21.74 and a fifty-two week high of $23.00. The company has a 50 day moving average price of $22.70 and a 200 day moving average price of $22.68. The company has a market capitalization of $6.64 billion, a PE ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.1183 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 6.3%. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

Institutional Trading of Capital Group Core Plus Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tyler Stone Wealth Management increased its position in shares of Capital Group Core Plus Income ETF by 1.1% in the second quarter. Tyler Stone Wealth Management now owns 48,101 shares of the company’s stock worth $1,082,000 after purchasing an additional 540 shares during the period. Asset Allocation Strategies LLC increased its holdings in Capital Group Core Plus Income ETF by 1.4% in the 3rd quarter. Asset Allocation Strategies LLC now owns 38,089 shares of the company’s stock valued at $865,000 after buying an additional 541 shares during the period. Premier Path Wealth Partners LLC increased its holdings in Capital Group Core Plus Income ETF by 1.0% in the 3rd quarter. Premier Path Wealth Partners LLC now owns 53,614 shares of the company’s stock valued at $1,218,000 after buying an additional 554 shares during the period. Silverlake Wealth Management LLC raised its position in shares of Capital Group Core Plus Income ETF by 0.8% in the 2nd quarter. Silverlake Wealth Management LLC now owns 73,230 shares of the company’s stock valued at $1,648,000 after buying an additional 602 shares in the last quarter. Finally, Cim LLC lifted its holdings in shares of Capital Group Core Plus Income ETF by 6.8% during the 3rd quarter. Cim LLC now owns 9,953 shares of the company’s stock worth $226,000 after acquiring an additional 633 shares during the period.

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.