Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 480,033 shares, an increase of 285.2% from the August 31st total of 124,607 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 981,718 shares, the days-to-cover ratio is currently 0.5 days.
Capital Group Short Duration Income ETF Stock Performance
CGSD stock opened at $25.40 on Monday. Capital Group Short Duration Income ETF has a 1 year low of $25.34 and a 1 year high of $26.15. The stock’s fifty day moving average is $25.63 and its two-hundred day moving average is $25.75.
Capital Group Short Duration Income ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a $0.1116 dividend. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0870. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.34 dividend on an annualized basis and a dividend yield of 5.3%.
Institutional Inflows and Outflows
Capital Group Short Duration Income ETF Company Profile
The Capital Group Short Duration Income ETF (CGSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that invests in a broad portfolio of investment grade bonds, debts, and money market instruments. The average portfolio duration is expected to be less than two years. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.
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