Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Large Growth in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 62,740 shares, an increase of 28.0% from the January 29th total of 49,023 shares. Based on an average trading volume of 177,995 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 177,995 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. World Investment Advisors acquired a new stake in shares of Capital Group Ultra Short Income ETF during the 3rd quarter worth approximately $650,000. Tribridge Partners Financial LLC lifted its holdings in Capital Group Ultra Short Income ETF by 29.2% in the third quarter. Tribridge Partners Financial LLC now owns 217,372 shares of the company’s stock valued at $5,497,000 after acquiring an additional 49,135 shares during the last quarter. Creekmur Asset Management LLC grew its position in Capital Group Ultra Short Income ETF by 4.8% in the third quarter. Creekmur Asset Management LLC now owns 809,658 shares of the company’s stock worth $20,480,000 after acquiring an additional 37,326 shares during the period. Kensington Asset Management LLC increased its stake in Capital Group Ultra Short Income ETF by 86.8% during the third quarter. Kensington Asset Management LLC now owns 111,925 shares of the company’s stock worth $2,831,000 after acquiring an additional 51,994 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Capital Group Ultra Short Income ETF in the third quarter valued at $26,965,000.

Capital Group Ultra Short Income ETF Price Performance

CGUI opened at $25.33 on Thursday. The company’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $25.34. Capital Group Ultra Short Income ETF has a 1-year low of $25.16 and a 1-year high of $25.41.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0799 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 27th.

Capital Group Ultra Short Income ETF Company Profile

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.