Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Stock Short Interest Jumps 285.2%

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keudell Morrison Wealth Management acquired a new stake in shares of Capital Group Short Duration Income ETF in the first quarter valued at about $637,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Short Duration Income ETF by 12.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 310,788 shares of the company’s stock worth $8,084,000 after acquiring an additional 33,681 shares during the period. Private Advisor Group LLC increased its holdings in Capital Group Short Duration Income ETF by 10.8% in the 1st quarter. Private Advisor Group LLC now owns 520,838 shares of the company’s stock valued at $13,432,000 after buying an additional 50,685 shares during the period. WNY Asset Management LLC bought a new stake in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at approximately $1,661,000. Finally, RFP Financial Group LLC increased its position in shares of Capital Group Short Duration Income ETF by 63.0% during the 4th quarter. RFP Financial Group LLC now owns 797,118 shares of the company’s stock worth $20,733,000 after purchasing an additional 308,120 shares in the last quarter.

Capital Group Short Duration Income ETF Company Profile

(Get Free Report)

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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