Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Up 453.4% in February

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,314,665 shares, an increase of 453.4% from the January 29th total of 237,567 shares. Based on an average daily volume of 1,981,728 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 1,981,728 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors 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 business. Fifth Third Bancorp purchased a new position in shares of Capital Group Core Plus Income ETF during the 3rd quarter worth $32,000. Central Pacific Bank Trust Division acquired a new position in Capital Group Core Plus Income ETF in the fourth quarter valued at about $35,000. US Bancorp DE purchased a new position in Capital Group Core Plus Income ETF during the third quarter worth about $41,000. MAI Capital Management acquired a new stake in shares of Capital Group Core Plus Income ETF during the second quarter valued at about $46,000. Finally, Clearstead Advisors LLC acquired a new stake in shares of Capital Group Core Plus Income ETF during the fourth quarter valued at about $58,000.

Capital Group Core Plus Income ETF Stock Down 0.3%

NYSEARCA:CGCP traded down $0.07 on Friday, hitting $22.82. The stock had a trading volume of 1,096,663 shares, compared to its average volume of 1,650,430. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36. The company has a fifty day moving average price of $22.73 and a two-hundred day moving average price of $22.74. 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 disclosed a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 27th will be issued a $0.0845 dividend. This is a boost 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 yield of 4.4%. The ex-dividend date is Friday, February 27th.

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.