Capital Group Core Equity ETF (NYSEARCA:CGUS) Short Interest Down 70.3% in May

Capital Group Core Equity ETF (NYSEARCA:CGUS) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 137,957 shares, a drop of 70.3% from the May 14th total of 464,573 shares. Based on an average daily volume of 1,396,616 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Capital Group Core Equity ETF Stock Up 0.5%

Shares of NYSEARCA CGUS traded up $0.23 during midday trading on Friday, reaching $43.71. 1,073,626 shares of the company’s stock traded hands, compared to its average volume of 1,171,990. The stock’s 50 day simple moving average is $42.56 and its 200-day simple moving average is $41.05. Capital Group Core Equity ETF has a one year low of $35.38 and a one year high of $44.60. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 26.31 and a beta of 0.94.

Hedge Funds Weigh In On Capital Group Core Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CGUS. Pflug Koory LLC purchased a new stake in Capital Group Core Equity ETF during the fourth quarter valued at approximately $25,000. First Horizon Corp purchased a new stake in Capital Group Core Equity ETF during the fourth quarter valued at approximately $32,000. CoreCap Advisors LLC lifted its position in Capital Group Core Equity ETF by 41.0% during the fourth quarter. CoreCap Advisors LLC now owns 1,101 shares of the company’s stock valued at $44,000 after acquiring an additional 320 shares during the last quarter. Huntington National Bank purchased a new stake in Capital Group Core Equity ETF during the third quarter valued at approximately $50,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Capital Group Core Equity ETF by 460.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,368 shares of the company’s stock valued at $55,000 after acquiring an additional 1,124 shares during the last quarter.

About Capital Group Core Equity ETF

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.