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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 118,100 shares, an increase of 173.8% from the February 12th total of 43,126 shares. Based on an average daily trading volume, of 507,542 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 507,542 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Capital Group Short Duration Income ETF

A number of large investors have recently bought and sold shares of the business. Merit Financial Group LLC boosted its holdings in shares of Capital Group Short Duration Income ETF by 8,823.7% in the third quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock valued at $47,357,000 after buying an additional 1,802,416 shares during the period. Wood Tarver Financial Group LLC raised its holdings in shares of Capital Group Short Duration Income ETF by 569.7% during the fourth quarter. Wood Tarver Financial Group LLC now owns 1,376,244 shares of the company’s stock worth $35,796,000 after acquiring an additional 1,170,734 shares during the period. LPL Financial LLC lifted its position in Capital Group Short Duration Income ETF by 22.5% in the 4th quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock valued at $162,191,000 after acquiring an additional 1,145,248 shares in the last quarter. Wells Fargo & Company MN lifted its position in Capital Group Short Duration Income ETF by 55.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,731,920 shares of the company’s stock valued at $45,047,000 after acquiring an additional 615,309 shares in the last quarter. Finally, RFP Financial Group LLC boosted its stake in Capital Group Short Duration Income ETF by 1,814.3% in the 3rd quarter. RFP Financial Group LLC now owns 488,998 shares of the company’s stock worth $12,683,000 after purchasing an additional 463,454 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

Capital Group Short Duration Income ETF stock traded up $0.01 during mid-day trading on Friday, hitting $25.89. 351,894 shares of the company’s stock were exchanged, compared to its average volume of 561,898. The company’s 50 day simple moving average is $26.05 and its 200-day simple moving average is $26.04. Capital Group Short Duration Income ETF has a fifty-two week low of $25.62 and a fifty-two week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0856 per share. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.