Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Down 60.5% in January

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 237,567 shares, a decrease of 60.5% from the January 15th total of 602,125 shares. Based on an average daily volume of 1,553,103 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,553,103 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Core Plus Income ETF Stock Up 0.4%

Shares of NYSEARCA CGCP traded up $0.08 during trading hours on Thursday, reaching $22.81. 2,241,733 shares of the stock traded hands, compared to its average volume of 1,655,922. The company has a market capitalization of $6.84 billion, a P/E ratio of 10.69 and a beta of 0.36. The company’s 50-day simple moving average is $22.69 and its two-hundred day simple moving average is $22.72. Capital Group Core Plus Income ETF has a 52-week low of $21.74 and a 52-week high of $23.00.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued a $0.0767 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, January 30th.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGCP. Capital International Investors lifted its stake in Capital Group Core Plus Income ETF by 24.7% in the fourth quarter. Capital International Investors now owns 41,266,604 shares of the company’s stock worth $934,276,000 after purchasing an additional 8,184,599 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Capital Group Core Plus Income ETF by 25.1% in the fourth quarter. LPL Financial LLC now owns 23,722,685 shares of the company’s stock worth $537,082,000 after buying an additional 4,757,976 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Core Plus Income ETF by 44.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock valued at $171,034,000 after acquiring an additional 2,353,628 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Capital Group Core Plus Income ETF by 1,078.9% in the 3rd quarter. Merit Financial Group LLC now owns 2,259,377 shares of the company’s stock valued at $51,333,000 after acquiring an additional 2,067,719 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in Capital Group Core Plus Income ETF during the 3rd quarter valued at about $21,098,000.

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.