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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 134,900 shares, an increase of 35.6% from the September 30th total of 99,500 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 396,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 396,800 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

A number of institutional investors have recently added to or reduced their stakes in CGSD. Bank of America Corp DE bought a new position in Capital Group Short Duration Income ETF in the second quarter worth $49,000. Signature Resources Capital Management LLC lifted its position in Capital Group Short Duration Income ETF by 197.4% during the 2nd quarter. Signature Resources Capital Management LLC now owns 2,284 shares of the company’s stock valued at $59,000 after acquiring an additional 1,516 shares during the period. Cullen Frost Bankers Inc. lifted its position in Capital Group Short Duration Income ETF by 30.5% during the 1st quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $69,000 after acquiring an additional 627 shares during the period. Private Trust Co. NA lifted its position in Capital Group Short Duration Income ETF by 173.8% during the 2nd quarter. Private Trust Co. NA now owns 2,738 shares of the company’s stock valued at $71,000 after acquiring an additional 1,738 shares during the period. Finally, Synergy Investment Management LLC purchased a new position in Capital Group Short Duration Income ETF during the 1st quarter valued at about $75,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.97 on Wednesday. The business has a 50 day moving average of $26.05 and a 200 day moving average of $25.95. Capital Group Short Duration Income ETF has a 52 week low of $25.55 and a 52 week high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were issued a $0.1087 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Friday, October 31st.

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.