Capital Group Core Equity ETF (NYSEARCA:CGUS) Stock Short Interest Drops 84.4%

Capital Group Core Equity ETF (NYSEARCA:CGUS – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 209,328 shares, a drop of 84.4% from the September 30th total of 1,343,013 shares. Based on an average daily volume of 835,291 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MCF Advisors LLC bought a new position in shares of Capital Group Core Equity ETF during the 2nd quarter valued at about $37,000. Bayban acquired a new position in Capital Group Core Equity ETF during the 1st quarter worth $61,000. CoreCap Advisors LLC increased its holdings in shares of Capital Group Core Equity ETF by 38.8% during the 2nd quarter. CoreCap Advisors LLC now owns 1,530 shares of the company’s stock worth $68,000 after purchasing an additional 428 shares during the period. Tenet Wealth Partners LLC acquired a new position in Capital Group Core Equity ETF in the third quarter worth about $205,000. Finally, CFS Investment Advisory Services LLC acquired a new position in Capital Group Core Equity ETF in the first quarter valued at about $207,000.

Capital Group Core Equity ETF Price Performance

Capital Group Core Equity ETF stock opened at $44.55 on Tuesday. The business has a 50 day simple moving average of $44.89 and a 200-day simple moving average of $42.90. Capital Group Core Equity ETF has a 12 month low of $37.19 and a 12 month high of $46.80. The stock has a market capitalization of $12.16 billion, a PE ratio of 26.31 and a beta of 0.93.

Capital Group Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Wednesday, September 30th were given a dividend of $0.0901 per share. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.36 annualized dividend and a yield of 0.8%.

Capital Group Core Equity ETF Company Profile

(Get Free Report)

The Capital Group Core Equity ETF (CGUS) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in companies believed to have the potential for appreciation and\u002For dividends. CGUS was launched on Feb 22, 2022 and is managed by Capital Group.

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