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

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 958,647 shares, an increase of 60.5% from the February 26th total of 597,219 shares. Based on an average daily volume of 1,928,671 shares, the short-interest ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are sold short.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA:CGCP traded down $0.01 during mid-day trading on Friday, hitting $22.23. The company’s stock had a trading volume of 1,707,691 shares, compared to its average volume of 1,700,364. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The business’s fifty day moving average is $22.65 and its two-hundred day moving average is $22.72. Capital Group Core Plus Income ETF has a 1 year low of $21.74 and a 1 year high of $23.00.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0845 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a boost 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 yield of 4.6%.

Institutional Trading of Capital Group Core Plus Income ETF

A number of hedge funds have recently added to or reduced their stakes in the company. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Capital Group Core Plus Income ETF during the 4th quarter worth about $14,387,000. Rockefeller Capital Management L.P. grew its stake in Capital Group Core Plus Income ETF by 1,155.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 391,520 shares of the company’s stock valued at $8,864,000 after acquiring an additional 360,334 shares during the period. World Investment Advisors raised its position in Capital Group Core Plus Income ETF by 77.7% during the fourth quarter. World Investment Advisors now owns 85,228 shares of the company’s stock worth $1,930,000 after acquiring an additional 37,262 shares during the period. Advisortrust Partners LLC purchased a new position in Capital Group Core Plus Income ETF during the fourth quarter valued at $1,582,000. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter worth about $84,000.

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.