Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Stock Short Interest Report for October

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 217,409 shares, a drop of 83.1% from the October 15th total of 1,284,337 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,194,062 shares, the days-to-cover ratio is currently 0.1 days.

Capital Group Core Plus Income ETF Stock Down 0.6%

Shares of NYSEARCA:CGCP traded down $0.14 during midday trading on Thursday, reaching $21.34. The company had a trading volume of 3,919,022 shares, compared to its average volume of 1,769,240. The stock has a market cap of $8.55 billion, a PE ratio of 10.69 and a beta of 0.32. Capital Group Core Plus Income ETF has a 1-year low of $21.08 and a 1-year high of $22.90. The business’s 50 day moving average price is $21.51 and its 200 day moving average price is $22.15.

Capital Group Core Plus Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a dividend of $0.0895 per share. The ex-dividend date was Friday, October 30th. This is a decrease from Capital Group Core Plus Income ETF’s previous monthly dividend of $0.0925. This represents a $1.07 dividend on an annualized basis and a yield of 5.0%.

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 the stock. WNY Asset Management LLC bought a new position in Capital Group Core Plus Income ETF during the 1st quarter worth $94,023,000. Benjamin Edwards Inc. bought a new stake in shares of Capital Group Core Plus Income ETF during the 3rd quarter valued at $74,302,000. Commonwealth Equity Services LLC acquired a new stake in Capital Group Core Plus Income ETF during the third quarter worth about $61,921,000. Valmark Advisers Inc. bought a new position in Capital Group Core Plus Income ETF in the third quarter valued at approximately $51,409,000. Finally, Bernardo Wealth Planning LLC increased its stake in shares of Capital Group Core Plus Income ETF by 104.1% in the 3rd quarter. Bernardo Wealth Planning LLC now owns 2,531,520 shares of the company’s stock valued at $53,592,000 after purchasing an additional 1,291,232 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.