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

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. Based on an average trading volume of 1,576,826 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,576,826 shares, the short-interest ratio is presently 0.4 days.

Capital Group Core Plus Income ETF Stock Performance

Shares of NYSEARCA:CGCP traded down $0.09 during trading on Thursday, hitting $22.43. 1,712,533 shares of the stock were exchanged, compared to its average volume of 1,721,424. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The company’s fifty day simple moving average is $22.72 and its 200-day simple moving average is $22.75. 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 firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued 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) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CGCP. Advisortrust Partners LLC bought a new stake in Capital Group Core Plus Income ETF during the 4th quarter worth approximately $1,582,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in Capital Group Core Plus Income ETF in the 4th quarter valued at $84,000. NWF Advisory Services Inc. acquired a new position in shares of Capital Group Core Plus Income ETF during the fourth quarter worth about $270,000. Clearwave Capital LLC acquired a new position in Capital Group Core Plus Income ETF during the 4th quarter worth approximately $661,000. Finally, Axxcess Wealth Management LLC acquired a new position in Capital Group Core Plus Income ETF during the fourth quarter worth $359,000.

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.