Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Up 63.9% in December

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 234,925 shares, a growth of 63.9% from the November 30th total of 143,318 shares. Based on an average daily trading volume, of 1,397,061 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,397,061 shares, the short-interest ratio is currently 0.2 days.

Capital Group Core Plus Income ETF Trading Up 0.1%

CGCP traded up $0.02 on Monday, hitting $22.68. 1,083,882 shares of the company’s stock were exchanged, compared to its average volume of 1,186,708. The firm has a market cap of $5.94 billion, a PE ratio of 10.69 and a beta of 0.36. Capital Group Core Plus Income ETF has a twelve month low of $21.74 and a twelve month high of $23.00. The stock has a fifty day moving average of $22.75 and a two-hundred day moving average of $22.65.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.1183 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Wednesday, December 24th. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new position in shares of Capital Group Core Plus Income ETF during the 2nd quarter valued at about $221,000. Aspire Growth Partners LLC bought a new stake in shares of Capital Group Core Plus Income ETF in the 2nd quarter worth approximately $353,000. Franklin Resources Inc. acquired a new stake in Capital Group Core Plus Income ETF during the second quarter valued at approximately $1,083,000. Farther Finance Advisors LLC acquired a new stake in Capital Group Core Plus Income ETF during the second quarter valued at approximately $450,000. Finally, DAVENPORT & Co LLC boosted its holdings in Capital Group Core Plus Income ETF by 60.2% during the third quarter. DAVENPORT & Co LLC now owns 172,643 shares of the company’s stock worth $3,922,000 after buying an additional 64,902 shares in the last quarter.

About Capital Group Core Plus Income ETF

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.