Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Update

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 114,253 shares, a drop of 35.3% from the December 31st total of 176,614 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 516,233 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 516,233 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA CGSD traded down $0.08 during trading hours on Friday, reaching $26.02. 470,974 shares of the company’s stock were exchanged, compared to its average volume of 558,599. The company’s 50-day moving average is $26.04 and its two-hundred day moving average is $26.02. Capital Group Short Duration Income ETF has a one year low of $25.62 and a one year high of $26.14.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be given a dividend of $0.0736 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 3.4%.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC acquired a new position in Capital Group Short Duration Income ETF during the fourth quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new stake in Capital Group Short Duration Income ETF during the 4th quarter valued at $36,000. MAI Capital Management bought a new position in Capital Group Short Duration Income ETF during the third quarter worth $40,000. IFP Advisors Inc increased its holdings in shares of Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after purchasing an additional 900 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Capital Group Short Duration Income ETF in the second quarter valued at about $49,000.

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.