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

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 47,816 shares, a growth of 185.0% from the July 30th total of 16,778 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 234,910 shares, the days-to-cover ratio is currently 0.2 days.

Capital Group Ultra Short Income ETF Stock Down 0.0%

CGUI stock traded down $0.01 on Friday, hitting $25.37. The company’s stock had a trading volume of 74,690 shares, compared to its average volume of 130,031. The firm has a 50 day moving average of $25.33 and a two-hundred day moving average of $25.34. Capital Group Ultra Short Income ETF has a 1 year low of $25.20 and a 1 year high of $25.41.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

Several hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors raised its stake in Capital Group Ultra Short Income ETF by 0.8% during the 2nd quarter. Captrust Financial Advisors now owns 66,856 shares of the company’s stock valued at $1,687,000 after acquiring an additional 561 shares during the last quarter. Entruity Wealth LLC increased its holdings in shares of Capital Group Ultra Short Income ETF by 1.0% in the fourth quarter. Entruity Wealth LLC now owns 58,788 shares of the company’s stock valued at $1,488,000 after purchasing an additional 583 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Capital Group Ultra Short Income ETF by 9.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,212 shares of the company’s stock valued at $385,000 after purchasing an additional 1,294 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF during the first quarter worth approximately $45,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Capital Group Ultra Short Income ETF by 18.4% during the first quarter. Kestra Advisory Services LLC now owns 13,963 shares of the company’s stock worth $353,000 after purchasing an additional 2,171 shares during the last quarter.

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.