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

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the recipient of a significant 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 company’s stock are sold short. Based on an average daily volume of 884,688 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Capital Group Core Equity ETF

A number of large investors have recently added to or reduced their stakes in CGUS. Cetera Investment Advisers raised its position in shares of Capital Group Core Equity ETF by 6.3% in the first quarter. Cetera Investment Advisers now owns 6,314,257 shares of the company’s stock valued at $242,594,000 after buying an additional 373,840 shares in the last quarter. MML Investors Services LLC grew its position in Capital Group Core Equity ETF by 8.8% during the fourth quarter. MML Investors Services LLC now owns 3,443,111 shares of the company’s stock worth $138,516,000 after buying an additional 277,222 shares in the last quarter. Royal Bank of Canada increased its stake in Capital Group Core Equity ETF by 11.2% during the 1st quarter. Royal Bank of Canada now owns 2,510,189 shares of the company’s stock worth $96,442,000 after acquiring an additional 251,825 shares during the period. Sei Investments Co. raised its holdings in Capital Group Core Equity ETF by 16.8% in the 1st quarter. Sei Investments Co. now owns 2,346,850 shares of the company’s stock valued at $90,166,000 after acquiring an additional 336,992 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Capital Group Core Equity ETF by 5.8% in the 1st quarter. Private Advisor Group LLC now owns 2,116,973 shares of the company’s stock valued at $81,334,000 after acquiring an additional 115,820 shares in the last quarter.

Capital Group Core Equity ETF Trading Up 0.7%

Shares of NYSEARCA:CGUS traded up $0.31 during trading on Friday, hitting $45.41. 727,084 shares of the company were exchanged, compared to its average volume of 1,133,504. Capital Group Core Equity ETF has a fifty-two week low of $37.19 and a fifty-two week high of $46.80. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 26.31 and a beta of 0.93. The firm has a fifty day moving average price of $45.15 and a two-hundred day moving average price of $43.62.

Capital Group Core Equity ETF Increases Dividend

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

About Capital Group Core Equity ETF

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.