Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 371,668 shares, a growth of 645.5% from the July 15th total of 49,852 shares. Based on an average daily volume of 479,015 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the company’s shares are sold short.
Capital Group Short Duration Income ETF Stock Performance
CGSD opened at $25.74 on Friday. Capital Group Short Duration Income ETF has a 52 week low of $25.61 and a 52 week high of $26.15. The business has a fifty day simple moving average of $25.73 and a 200-day simple moving average of $25.85.
Hedge Funds Weigh In On Capital Group Short Duration Income ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of CGSD. GAMMA Investing LLC purchased a new stake in Capital Group Short Duration Income ETF during the second quarter worth about $27,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Short Duration Income ETF during the fourth quarter worth about $28,000. Birchwood Financial Partners Inc. purchased a new position in shares of Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC purchased a new position in shares of Capital Group Short Duration Income ETF in the first quarter valued at approximately $39,000. Finally, IFP Advisors Inc grew 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 in the last quarter.
About Capital Group Short Duration Income ETF
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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