Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Stock Short Interest Report for September

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 51,071 shares, a decline of 89.4% from the September 15th total of 480,033 shares. Based on an average daily volume of 968,910 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Capital Group Short Duration Income ETF Stock Performance

NYSEARCA CGSD remained flat at $25.34 during mid-day trading on Friday. 1,482,937 shares of the company were exchanged, compared to its average volume of 544,284. The business has a 50-day simple moving average of $25.55 and a 200 day simple moving average of $25.71. Capital Group Short Duration Income ETF has a 12-month low of $25.22 and a 12-month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0917 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888. The ex-dividend date was Tuesday, September 29th.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Hedge funds have recently modified their holdings of the company. Wealth Science Advisors LLC raised its holdings in Capital Group Short Duration Income ETF by 90.2% in the 3rd quarter. Wealth Science Advisors LLC now owns 670,075 shares of the company’s stock worth $16,919,000 after purchasing an additional 317,805 shares during the period. Freestate Advisors LLC grew its holdings in Capital Group Short Duration Income ETF by 5.9% in the third quarter. Freestate Advisors LLC now owns 86,157 shares of the company’s stock valued at $2,175,000 after purchasing an additional 4,817 shares during the period. Farther Finance Advisors LLC grew its holdings in Capital Group Short Duration Income ETF by 1,078.9% in the third quarter. Farther Finance Advisors LLC now owns 7,168 shares of the company’s stock valued at $181,000 after purchasing an additional 6,560 shares during the period. Cooper Financial Group purchased a new stake in shares of Capital Group Short Duration Income ETF in the third quarter valued at approximately $364,000. Finally, Weaver Consulting Group increased its position in shares of Capital Group Short Duration Income ETF by 9.5% in the third quarter. Weaver Consulting Group now owns 92,666 shares of the company’s stock valued at $2,340,000 after buying an additional 8,048 shares in the last quarter.

Capital Group Short Duration Income ETF Company Profile

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.