Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Significant Drop in Short Interest

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 344,988 shares, a decrease of 91.6% from the June 15th total of 4,098,119 shares. Based on an average daily volume of 1,707,101 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Capital Group Core Plus Income ETF Trading Down 0.1%

CGCP traded down $0.03 during midday trading on Friday, hitting $22.17. 1,023,439 shares of the company were exchanged, compared to its average volume of 1,619,349. The company’s 50 day simple moving average is $22.30 and its 200 day simple moving average is $22.51. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 1-year low of $22.02 and a 1-year high of $23.00.

Institutional Trading of Capital Group Core Plus Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beam Wealth Advisors Inc. raised its position in Capital Group Core Plus Income ETF by 4.1% during the fourth quarter. Beam Wealth Advisors Inc. now owns 12,134 shares of the company’s stock valued at $275,000 after acquiring an additional 478 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in Capital Group Core Plus Income ETF by 3.5% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 16,121 shares of the company’s stock worth $360,000 after purchasing an additional 550 shares in the last quarter. Ridgeline Wealth Planning LLC boosted its position in Capital Group Core Plus Income ETF by 3.3% in the 4th quarter. Ridgeline Wealth Planning LLC now owns 17,420 shares of the company’s stock worth $394,000 after purchasing an additional 555 shares in the last quarter. CWS Financial Advisors LLC grew its stake in shares of Capital Group Core Plus Income ETF by 1.7% during the 4th quarter. CWS Financial Advisors LLC now owns 33,753 shares of the company’s stock worth $764,000 after purchasing an additional 575 shares during the period. Finally, Cim LLC grew its stake in shares of Capital Group Core Plus Income ETF by 6.8% during the 3rd quarter. Cim LLC now owns 9,953 shares of the company’s stock worth $226,000 after purchasing an additional 633 shares during the period.

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.