Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Significant Decrease in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 49,023 shares, a decline of 32.3% from the January 15th total of 72,383 shares. Based on an average trading volume of 88,130 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the company’s stock are sold short. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 88,130 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of CGUI. EverSource Wealth Advisors LLC acquired a new position in Capital Group Ultra Short Income ETF in the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF in the 4th quarter valued at $63,000. Rothschild Investment LLC acquired a new stake in shares of Capital Group Ultra Short Income ETF in the second quarter worth $71,000. Jones Financial Companies Lllp acquired a new stake in shares of Capital Group Ultra Short Income ETF in the third quarter worth $100,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Capital Group Ultra Short Income ETF during the second quarter worth $136,000.

Capital Group Ultra Short Income ETF Stock Up 0.0%

CGUI stock traded up $0.01 during trading on Friday, reaching $25.39. The company had a trading volume of 72,812 shares, compared to its average volume of 139,110. Capital Group Ultra Short Income ETF has a twelve month low of $25.16 and a twelve month high of $25.41. The firm has a 50-day simple moving average of $25.35 and a 200-day simple moving average of $25.33.

Capital Group Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a $0.0668 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.2%.

About Capital Group Ultra Short Income ETF

The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less. CGUI was launched on Jun 25, 2024 and is issued by Capital Group.