Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Short Interest Down 74.9% in May

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 202,900 shares, a drop of 74.9% from the May 15th total of 808,300 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,101,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Capital Group Core Plus Income ETF

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Capital Group Core Plus Income ETF by 54.7% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,547 shares of the company’s stock valued at $35,000 after buying an additional 547 shares during the period. NBC Securities Inc. lifted its stake in Capital Group Core Plus Income ETF by 10,241.2% during the first quarter. NBC Securities Inc. now owns 1,758 shares of the company’s stock worth $39,000 after purchasing an additional 1,741 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Capital Group Core Plus Income ETF in the 4th quarter worth about $50,000. ORG Partners LLC boosted its stake in Capital Group Core Plus Income ETF by 182.4% in the first quarter. ORG Partners LLC now owns 2,217 shares of the company’s stock worth $50,000 after buying an additional 1,432 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Capital Group Core Plus Income ETF in the first quarter worth approximately $53,000.

Capital Group Core Plus Income ETF Price Performance

NYSEARCA:CGCP opened at $22.28 on Thursday. The business has a fifty day simple moving average of $22.16 and a two-hundred day simple moving average of $22.31. Capital Group Core Plus Income ETF has a 1 year low of $21.74 and a 1 year high of $23.34. The company has a market capitalization of $4.99 billion, a P/E ratio of 10.69 and a beta of 0.35.

Capital Group Core Plus Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a $0.0921 dividend. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Capital Group Core Plus Income ETF’s previous dividend of $0.08.

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.