Capital Group Core Equity ETF (NYSEARCA:CGUS) Short Interest Down 61.7% in January

Capital Group Core Equity ETF (NYSEARCA:CGUS) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 684,668 shares, a decrease of 61.7% from the December 31st total of 1,788,276 shares. Based on an average daily trading volume, of 1,115,529 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,115,529 shares, the short-interest ratio is presently 0.6 days.

Capital Group Core Equity ETF Price Performance

NYSEARCA CGUS traded down $0.24 during trading on Friday, hitting $40.95. The company’s stock had a trading volume of 1,087,893 shares, compared to its average volume of 1,146,685. Capital Group Core Equity ETF has a fifty-two week low of $28.95 and a fifty-two week high of $41.38. The company has a market cap of $8.85 billion, a PE ratio of 26.31 and a beta of 0.92. The business’s 50 day simple moving average is $40.47 and its 200-day simple moving average is $39.53.

Capital Group Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were given a dividend of $0.1055 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.42 annualized dividend and a yield of 1.0%. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CGUS. Pinnacle Bancorp Inc. increased its position in shares of Capital Group Core Equity ETF by 234.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock valued at $25,000 after acquiring an additional 450 shares during the period. Pflug Koory LLC purchased a new stake in Capital Group Core Equity ETF during the 4th quarter valued at about $25,000. First Horizon Corp acquired a new position in shares of Capital Group Core Equity ETF in the fourth quarter valued at about $32,000. Fifth Third Bancorp purchased a new position in shares of Capital Group Core Equity ETF in the second quarter worth about $40,000. Finally, CoreCap Advisors LLC raised its stake in shares of Capital Group Core Equity ETF by 41.0% in the fourth quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the last quarter.

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.