Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Shares Shorted: Short Interest Up 132.8% in September

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 51,215 shares, an increase of 132.8% from the September 15th total of 21,997 shares. Based on an average daily trading volume, of 164,517 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Capital Group Ultra Short Income ETF Price Performance

NYSEARCA:CGUI traded up $0.01 during trading hours on Wednesday, reaching $25.25. 252,824 shares of the company traded hands, compared to its average volume of 145,443. The firm’s 50-day moving average is $25.29 and its 200-day moving average is $25.31. Capital Group Ultra Short Income ETF has a 1-year low of $25.14 and a 1-year high of $25.67.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a $0.0863 dividend. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.0828. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, September 29th.

Institutional Trading of Capital Group Ultra Short Income ETF

A number of large investors have recently made changes to their positions in CGUI. Brookstone Capital Management grew its holdings in shares of Capital Group Ultra Short Income ETF by 589.6% during the first quarter. Brookstone Capital Management now owns 414,867 shares of the company’s stock worth $10,488,000 after buying an additional 354,705 shares in the last quarter. Wealth Science Advisors LLC raised its position in shares of Capital Group Ultra Short Income ETF by 81.1% in the third quarter. Wealth Science Advisors LLC now owns 328,674 shares of the company’s stock valued at $8,279,000 after buying an additional 147,211 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Capital Group Ultra Short Income ETF by 68.6% in the first quarter. Cetera Investment Advisers now owns 109,220 shares of the company’s stock valued at $2,761,000 after buying an additional 44,424 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Capital Group Ultra Short Income ETF by 10.0% during the first quarter. Royal Bank of Canada now owns 25,926 shares of the company’s stock valued at $655,000 after buying an additional 2,366 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Capital Group Ultra Short Income ETF during the third quarter valued at approximately $441,000.

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.