Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Update

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

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

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

Capital Group Core Plus Income ETF Trading Down 0.4%

CGCP stock traded down $0.09 during trading hours on Thursday, hitting $22.43. 1,712,533 shares of the stock were exchanged, compared to its average volume of 1,721,424. Capital Group Core Plus Income ETF has a 12 month low of $21.74 and a 12 month high of $23.00. The firm has a market capitalization of $6.72 billion, a P/E ratio of 10.69 and a beta of 0.36. The company has a 50-day simple moving average of $22.72 and a two-hundred day simple moving average of $22.75.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0845 dividend. This is a positive change from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 4.5%.

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.