Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 88,417 shares, a drop of 76.2% from the July 30th total of 371,668 shares. Based on an average daily volume of 615,392 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Institutional Investors 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. Integrated Wealth Concepts LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the first quarter worth $207,000. Jane Street Group LLC increased its position in Capital Group Short Duration Income ETF by 58.6% in the 1st quarter. Jane Street Group LLC now owns 128,815 shares of the company’s stock valued at $3,325,000 after acquiring an additional 47,590 shares in the last quarter. NewEdge Advisors LLC increased its position in Capital Group Short Duration Income ETF by 52.8% in the 2nd quarter. NewEdge Advisors LLC now owns 263,378 shares of the company’s stock valued at $6,831,000 after acquiring an additional 91,022 shares in the last quarter. Sei Investments Co. bought a new position in shares of Capital Group Short Duration Income ETF in the second quarter worth about $1,062,000. Finally, Raymond James Financial Inc. lifted its position in shares of Capital Group Short Duration Income ETF by 45.0% during the second quarter. Raymond James Financial Inc. now owns 939,933 shares of the company’s stock worth $24,377,000 after purchasing an additional 291,618 shares in the last quarter.
Capital Group Short Duration Income ETF Stock Performance
NYSEARCA:CGSD opened at $25.70 on Friday. Capital Group Short Duration Income ETF has a 12 month low of $25.61 and a 12 month high of $26.15. The company’s 50-day moving average price is $25.72 and its two-hundred day moving average price is $25.83.
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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