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

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

Capital Group Core Plus Income ETF Stock Down 0.0%

Shares of CGCP stock traded down $0.01 on Friday, reaching $22.23. The stock had a trading volume of 1,707,691 shares, compared to its average volume of 1,700,364. 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 $6.66 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The firm’s 50-day moving average is $22.65 and its two-hundred day moving average is $22.72.

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. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, February 27th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CGCP. Integrated Wealth Concepts LLC grew its stake in Capital Group Core Plus Income ETF by 63.4% during the first quarter. Integrated Wealth Concepts LLC now owns 14,920 shares of the company’s stock worth $335,000 after buying an additional 5,790 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the 1st quarter worth approximately $2,904,000. Focus Partners Wealth acquired a new stake in shares of Capital Group Core Plus Income ETF during the 1st quarter worth approximately $313,000. Rockefeller Capital Management L.P. increased its stake in Capital Group Core Plus Income ETF by 27.3% in the second quarter. Rockefeller Capital Management L.P. now owns 27,223 shares of the company’s stock valued at $613,000 after acquiring an additional 5,844 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Capital Group Core Plus Income ETF by 25.1% during the second quarter. JPMorgan Chase & Co. now owns 57,428 shares of the company’s stock valued at $1,292,000 after purchasing an additional 11,516 shares in the last quarter.

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.