Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Up 39.2% in December

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 327,000 shares, a growth of 39.2% from the December 15th total of 234,925 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,323,123 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 1,323,123 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Capital Group Core Plus Income ETF Stock Down 0.1%

Capital Group Core Plus Income ETF stock traded down $0.03 during trading hours on Friday, hitting $22.70. The stock had a trading volume of 1,425,450 shares, compared to its average volume of 1,477,623. The business’s 50 day simple moving average is $22.70 and its 200-day simple moving average is $22.68. Capital Group Core Plus Income ETF has a one year low of $21.74 and a one year high of $23.00. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 10.69 and a beta of 0.36.

Capital Group Core Plus Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.1183 per share. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend and a yield of 6.3%. This is a boost from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGCP. Capital International Investors lifted its holdings in shares of Capital Group Core Plus Income ETF by 23.5% during the third quarter. Capital International Investors now owns 33,082,005 shares of the company’s stock worth $751,623,000 after purchasing an additional 6,290,122 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Capital Group Core Plus Income ETF by 44.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,504 shares of the company’s stock worth $171,034,000 after buying an additional 2,353,628 shares during the period. Merit Financial Group LLC grew its position in shares of Capital Group Core Plus Income ETF by 1,078.9% in the 3rd quarter. Merit Financial Group LLC now owns 2,259,377 shares of the company’s stock valued at $51,333,000 after buying an additional 2,067,719 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Capital Group Core Plus Income ETF in the third quarter valued at about $21,098,000. Finally, Raymond James Financial Inc. raised its position in shares of Capital Group Core Plus Income ETF by 17.2% during the third quarter. Raymond James Financial Inc. now owns 5,396,909 shares of the company’s stock worth $122,618,000 after acquiring an additional 790,814 shares during the last quarter.

About Capital Group Core Plus Income ETF

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.