Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Significant Increase in Short Interest

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 602,125 shares, a growth of 84.1% from the December 31st total of 327,000 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,482,890 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,482,890 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Tyler Stone Wealth Management raised its position in Capital Group Core Plus Income ETF by 1.1% during the second quarter. Tyler Stone Wealth Management now owns 48,101 shares of the company’s stock valued at $1,082,000 after purchasing an additional 540 shares during the period. Asset Allocation Strategies LLC lifted its holdings in shares of 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 worth $865,000 after buying an additional 541 shares during the period. Premier Path Wealth Partners LLC grew its holdings in Capital Group Core Plus Income ETF by 1.0% during the 3rd quarter. Premier Path Wealth Partners LLC now owns 53,614 shares of the company’s stock worth $1,218,000 after acquiring an additional 554 shares in the last quarter. Silverlake Wealth Management LLC increased its holdings in Capital Group Core Plus Income ETF by 0.8% during the second 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 during the period. Finally, Cim LLC boosted its position in Capital Group Core Plus Income ETF by 6.8% during the third quarter. Cim LLC now owns 9,953 shares of the company’s stock valued at $226,000 after purchasing an additional 633 shares in the last quarter.

Capital Group Core Plus Income ETF Price Performance

Shares of CGCP traded down $0.08 during trading hours on Friday, hitting $22.64. The stock had a trading volume of 1,018,982 shares, compared to its average volume of 1,517,954. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00. The firm has a market capitalization of $6.85 billion, a PE ratio of 10.69 and a beta of 0.36. The stock has a fifty day moving average price of $22.70 and a 200 day moving average price of $22.70.

Capital Group Core Plus Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a dividend of $0.0767 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 4.1%.

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.