Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Sees Large Decline in Short Interest

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 43,126 shares, a decrease of 83.6% from the January 29th total of 262,521 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 559,443 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 559,443 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Capital Group Short Duration Income ETF Stock Up 0.0%

CGSD stock traded up $0.01 during midday trading on Thursday, reaching $26.13. The company had a trading volume of 249,307 shares, compared to its average volume of 549,419. Capital Group Short Duration Income ETF has a 1-year low of $25.62 and a 1-year high of $26.15. The stock has a 50 day moving average price of $26.06 and a 200-day moving average price of $26.04.

Capital Group Short Duration Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were paid a $0.0736 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CGSD. Geneos Wealth Management Inc. grew its holdings in shares of Capital Group Short Duration Income ETF by 5.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 8,092 shares of the company’s stock valued at $210,000 after purchasing an additional 397 shares during the last quarter. DeDora Capital Inc. grew its stake in shares of Capital Group Short Duration Income ETF by 0.5% during the third quarter. DeDora Capital Inc. now owns 78,571 shares of the company’s stock worth $2,041,000 after buying an additional 408 shares during the last quarter. Aurdan Capital Management LLC increased its holdings in shares of Capital Group Short Duration Income ETF by 2.4% during the second quarter. Aurdan Capital Management LLC now owns 18,370 shares of the company’s stock worth $476,000 after buying an additional 422 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of Capital Group Short Duration Income ETF by 3.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,698 shares of the company’s stock valued at $356,000 after acquiring an additional 504 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Capital Group Short Duration Income ETF by 4.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 17,402 shares of the company’s stock valued at $452,000 after acquiring an additional 683 shares in the last quarter.

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.