Short Interest in Capital Group Core Equity ETF (NYSEARCA:CGUS) Rises By 235.4%

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,788,276 shares, an increase of 235.4% from the December 15th total of 533,237 shares. Based on an average daily trading volume, of 1,052,664 shares, the short-interest ratio is currently 1.7 days. Approximately 0.9% of the company’s stock are sold short. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 1,052,664 shares, the short-interest ratio is currently 1.7 days.

Capital Group Core Equity ETF Price Performance

Shares of NYSEARCA CGUS traded down $0.24 during mid-day trading on Wednesday, reaching $40.80. 937,036 shares of the company’s stock traded hands, compared to its average volume of 1,109,078. The stock has a market cap of $8.56 billion, a P/E ratio of 26.31 and a beta of 0.92. The business has a 50-day simple moving average of $40.18 and a 200 day simple moving average of $39.26. Capital Group Core Equity ETF has a 1-year low of $28.95 and a 1-year high of $41.21.

Capital Group Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.1055 per share. This is an increase from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.0%.

Institutional Trading of Capital Group Core Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Bancorp Inc. raised its position in Capital Group Core Equity ETF by 234.4% in the third quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock worth $25,000 after acquiring an additional 450 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Capital Group Core Equity ETF during the 2nd quarter worth approximately $40,000. CoreCap Advisors LLC increased its stake in shares of Capital Group Core Equity ETF by 41.0% during the 4th quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the last quarter. Huntington National Bank bought a new stake in shares of Capital Group Core Equity ETF in the 3rd quarter worth approximately $50,000. Finally, Hazlett Burt & Watson Inc. raised its holdings in shares of Capital Group Core Equity ETF by 28.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,285 shares of the company’s stock worth $51,000 after purchasing an additional 285 shares during the period.

About Capital Group Core Equity ETF

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.