Capital Group Core Equity ETF (NYSEARCA:CGUS) Sees Significant Growth in Short Interest

Capital Group Core Equity ETF (NYSEARCA:CGUS) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 1,343,013 shares, an increase of 418.1% from the September 15th total of 259,231 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 884,688 shares, the days-to-cover ratio is currently 1.5 days.

Capital Group Core Equity ETF Price Performance

CGUS stock traded up $0.31 during midday trading on Friday, reaching $45.41. The company had a trading volume of 727,084 shares, compared to its average volume of 1,133,504. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The stock has a 50 day moving average price of $45.15 and a 200-day moving average price of $43.62. Capital Group Core Equity ETF has a 1-year low of $37.19 and a 1-year high of $46.80.

Capital Group Core Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a $0.0901 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.36 annualized dividend and a yield of 0.8%. This is an increase from Capital Group Core Equity ETF’s previous quarterly dividend of $0.0833.

Institutional Trading of Capital Group Core Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Lincoln Capital LLC raised its position in Capital Group Core Equity ETF by 13.6% during the third quarter. Lincoln Capital LLC now owns 48,590 shares of the company’s stock valued at $2,163,000 after purchasing an additional 5,830 shares in the last quarter. Bill Few Associates Inc. boosted its holdings in shares of Capital Group Core Equity ETF by 11.1% in the 3rd quarter. Bill Few Associates Inc. now owns 42,936 shares of the company’s stock valued at $1,911,000 after purchasing an additional 4,301 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Capital Group Core Equity ETF by 167.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 299,015 shares of the company’s stock valued at $13,306,000 after purchasing an additional 187,032 shares during the last quarter. Titleist Asset Management LLC raised its holdings in shares of Capital Group Core Equity ETF by 3.2% during the 3rd quarter. Titleist Asset Management LLC now owns 23,030 shares of the company’s stock worth $1,025,000 after buying an additional 718 shares in the last quarter. Finally, Gradient Investments LLC acquired a new position in shares of Capital Group Core Equity ETF during the 3rd quarter worth $212,000.

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.