Capital Group Core Equity ETF (NYSEARCA:CGUS) Short Interest Up 1,004.5% in June

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,523,677 shares, an increase of 1,004.5% from the May 31st total of 137,957 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 1,073,530 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Steelhead Wealth Management LLC bought a new stake in shares of Capital Group Core Equity ETF in the 1st quarter valued at about $1,947,000. NewEdge Advisors LLC raised its position in shares of Capital Group Core Equity ETF by 10.3% during the first quarter. NewEdge Advisors LLC now owns 1,135,407 shares of the company’s stock worth $43,622,000 after acquiring an additional 106,249 shares during the last quarter. Cozad Asset Management Inc. raised its position in shares of Capital Group Core Equity ETF by 60.3% during the first quarter. Cozad Asset Management Inc. now owns 56,409 shares of the company’s stock worth $2,167,000 after acquiring an additional 21,211 shares during the last quarter. Security Financial Services INC. lifted its stake in shares of Capital Group Core Equity ETF by 21.1% in the first quarter. Security Financial Services INC. now owns 40,952 shares of the company’s stock worth $1,573,000 after acquiring an additional 7,124 shares during the period. Finally, J. Derek Lewis & Associates Inc. boosted its holdings in Capital Group Core Equity ETF by 22.3% in the first quarter. J. Derek Lewis & Associates Inc. now owns 333,002 shares of the company’s stock valued at $12,801,000 after acquiring an additional 60,823 shares during the last quarter.

Capital Group Core Equity ETF Stock Performance

Shares of NYSEARCA:CGUS opened at $43.68 on Friday. The firm has a market cap of $10.49 billion, a PE ratio of 26.31 and a beta of 0.94. The firm’s fifty day moving average is $43.29 and its 200-day moving average is $41.30. Capital Group Core Equity ETF has a 52 week low of $36.40 and a 52 week high of $44.60.

Capital Group Core Equity ETF Company Profile

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.