Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Large Decline in Short Interest

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 597,219 shares, a decline of 54.6% from the February 12th total of 1,314,665 shares. Based on an average daily volume of 1,576,826 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,576,826 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Capital Group Core Plus Income ETF during the 3rd quarter worth about $32,000. Central Pacific Bank Trust Division bought a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter valued at about $35,000. US Bancorp DE acquired a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth approximately $41,000. MAI Capital Management bought a new stake in shares of Capital Group Core Plus Income ETF during the second quarter worth approximately $46,000. Finally, Clearstead Advisors LLC bought a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter worth approximately $58,000.

Capital Group Core Plus Income ETF Stock Down 0.2%

NYSEARCA:CGCP traded down $0.04 during trading hours on Friday, hitting $22.39. 1,023,123 shares of the stock were exchanged, compared to its average volume of 1,707,203. The company has a market capitalization of $6.71 billion, a P/E ratio of 10.69 and a beta of 0.36. The company’s 50 day moving average is $22.72 and its two-hundred day moving average is $22.75. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.0845 per share. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.