Capital Group Core Plus Income ETF (NYSEARCA:CGCP) Sees Significant Growth in Short Interest

Capital Group Core Plus Income ETF (NYSEARCA:CGCP) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,001,927 shares, a growth of 326.8% from the April 30th total of 234,739 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 1,749,419 shares, the short-interest ratio is presently 0.6 days.

Capital Group Core Plus Income ETF Price Performance

CGCP stock opened at $22.39 on Friday. The company has a market capitalization of $7.58 billion, a PE ratio of 10.69 and a beta of 0.33. Capital Group Core Plus Income ETF has a 12 month low of $22.02 and a 12 month high of $23.00. The firm’s 50-day moving average is $22.38 and its 200 day moving average is $22.59.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in Capital Group Core Plus Income ETF during the 3rd quarter valued at about $32,000. Central Pacific Bank Trust Division purchased a new position in Capital Group Core Plus Income ETF during the 4th quarter valued at about $35,000. US Bancorp DE purchased a new position in Capital Group Core Plus Income ETF during the 3rd quarter valued at about $41,000. Bessemer Group Inc. purchased a new position in Capital Group Core Plus Income ETF during the 1st quarter valued at about $45,000. Finally, Clearstead Advisors LLC purchased a new position in Capital Group Core Plus Income ETF during the 4th quarter valued at about $58,000.

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.