Capital Group Ultra Short Income ETF (NYSEARCA:CGUI – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 47,816 shares, a growth of 185.0% from the July 30th total of 16,778 shares. Based on an average daily trading volume, of 234,910 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the shares of the company are short sold.
Capital Group Ultra Short Income ETF Trading Up 0.0%
Shares of Capital Group Ultra Short Income ETF stock traded up $0.01 during trading on Thursday, hitting $25.38. 118,937 shares of the company’s stock were exchanged, compared to its average volume of 130,369. The business has a 50-day simple moving average of $25.33 and a 200-day simple moving average of $25.33. Capital Group Ultra Short Income ETF has a 52-week low of $25.20 and a 52-week high of $25.41.
Hedge Funds Weigh In On Capital Group Ultra Short Income ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF in the first quarter worth about $45,000. Farther Finance Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF during the fourth quarter valued at approximately $63,000. JPMorgan Chase & Co. acquired a new position in Capital Group Ultra Short Income ETF in the second quarter valued at approximately $136,000. M.E. Allison & CO. Inc. acquired a new position in Capital Group Ultra Short Income ETF in the second quarter valued at approximately $265,000. Finally, Private Advisor Group LLC acquired a new position in Capital Group Ultra Short Income ETF in the first quarter valued at approximately $273,000.
Capital Group Ultra Short Income ETF Company Profile
The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less. CGUI was launched on Jun 25, 2024 and is issued by Capital Group.
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