Short Interest in Capital Group Core Equity ETF (NYSEARCA:CGUS) Decreases By 61.7%

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 684,668 shares, a decrease of 61.7% from the December 31st total of 1,788,276 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 1,115,529 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 1,115,529 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Capital Group Core Equity ETF Price Performance

NYSEARCA CGUS traded up $0.02 during trading on Thursday, hitting $41.19. 1,046,765 shares of the company’s stock traded hands, compared to its average volume of 1,149,782. The stock has a fifty day moving average of $40.47 and a two-hundred day moving average of $39.53. Capital Group Core Equity ETF has a 12-month low of $28.95 and a 12-month high of $41.38. The firm has a market cap of $8.77 billion, a P/E ratio of 26.31 and a beta of 0.92.

Capital Group Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1055 dividend. This represents a $0.42 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, December 26th. This is a boost from Capital Group Core Equity ETF’s previous quarterly dividend of $0.09.

Institutional Trading of Capital Group Core Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Pinnacle Bancorp Inc. lifted its holdings in Capital Group Core Equity ETF by 234.4% in the third quarter. Pinnacle Bancorp Inc. now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 450 shares during the period. Pflug Koory LLC acquired a new position in Capital Group Core Equity ETF in the 4th quarter worth approximately $25,000. First Horizon Corp purchased a new position in Capital Group Core Equity ETF during the 4th quarter valued at about $32,000. Fifth Third Bancorp purchased a new position in shares of Capital Group Core Equity ETF during the 2nd quarter valued at $40,000. Finally, CoreCap Advisors LLC increased its stake in shares of Capital Group Core Equity ETF by 41.0% during the 4th quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the last quarter.

Capital Group Core Equity ETF Company Profile

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.