Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Update

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI – Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 23,344 shares, a decline of 60.6% from the March 15th total of 59,203 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 168,959 shares, the days-to-cover ratio is currently 0.1 days.

Capital Group Ultra Short Income ETF Stock Up 0.1%

CGUI traded up $0.03 during midday trading on Tuesday, hitting $25.36. The company’s stock had a trading volume of 101,683 shares, compared to its average volume of 128,025. The firm has a 50-day moving average price of $25.34 and a two-hundred day moving average price of $25.33. Capital Group Ultra Short Income ETF has a 52-week low of $25.18 and a 52-week high of $25.41.

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Capital Group Ultra Short Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0799 dividend. This is a positive change from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.8%.

Institutional Trading of Capital Group Ultra Short Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGUI. Tribridge Partners Financial LLC grew its holdings in shares of Capital Group Ultra Short Income ETF by 29.2% during the 3rd quarter. Tribridge Partners Financial LLC now owns 217,372 shares of the company’s stock worth $5,497,000 after purchasing an additional 49,135 shares during the period. Kensington Asset Management LLC grew its holdings in shares of Capital Group Ultra Short Income ETF by 86.8% during the 3rd quarter. Kensington Asset Management LLC now owns 111,925 shares of the company’s stock worth $2,831,000 after purchasing an additional 51,994 shares during the period. Creekmur Asset Management LLC grew its holdings in shares of Capital Group Ultra Short Income ETF by 4.8% during the 3rd quarter. Creekmur Asset Management LLC now owns 809,658 shares of the company’s stock worth $20,480,000 after purchasing an additional 37,326 shares during the period. World Investment Advisors purchased a new stake in shares of Capital Group Ultra Short Income ETF during the 3rd quarter worth about $650,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF during the 4th quarter worth about $5,106,000.

About Capital Group Ultra Short Income ETF

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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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