Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Up 268.9% in December

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 176,614 shares, a growth of 268.9% from the December 15th total of 47,873 shares. Based on an average daily volume of 440,550 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 440,550 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CGSD. Central Pacific Bank Trust Division acquired a new stake in Capital Group Short Duration Income ETF during the fourth quarter worth about $36,000. MAI Capital Management bought a new stake in shares of Capital Group Short Duration Income ETF during the 3rd quarter worth approximately $40,000. IFP Advisors Inc boosted its position in shares of Capital Group Short Duration Income ETF by 102.4% during the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after acquiring an additional 900 shares in the last quarter. Bank of America Corp DE bought a new position in Capital Group Short Duration Income ETF in the second quarter valued at approximately $49,000. Finally, Signature Resources Capital Management LLC increased its stake in Capital Group Short Duration Income ETF by 197.4% in the second 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 last quarter.

Capital Group Short Duration Income ETF Trading Up 0.0%

Shares of CGSD stock traded up $0.01 during trading on Wednesday, hitting $26.04. The company had a trading volume of 447,635 shares, compared to its average volume of 498,926. Capital Group Short Duration Income ETF has a one year low of $25.62 and a one year high of $26.14. The stock’s 50-day moving average price is $26.02 and its 200 day moving average price is $26.01.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.1208 per share. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 5.6%.

Capital Group Short Duration Income ETF Company Profile

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.