Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Up 129.8% in January

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 262,521 shares, an increase of 129.8% from the January 15th total of 114,253 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 601,057 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 601,057 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Hedge funds have recently made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Short Duration Income ETF during the fourth quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new position in shares of Capital Group Short Duration Income ETF during the fourth quarter valued at $36,000. MAI Capital Management acquired a new stake in Capital Group Short Duration Income ETF in the third quarter worth about $40,000. IFP Advisors Inc grew its position in Capital Group Short Duration Income ETF by 102.4% in the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after buying an additional 900 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Capital Group Short Duration Income ETF during the 2nd quarter valued at about $49,000.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA CGSD traded up $0.02 during trading hours on Thursday, hitting $26.09. The company had a trading volume of 408,499 shares, compared to its average volume of 533,531. Capital Group Short Duration Income ETF has a fifty-two week low of $25.62 and a fifty-two week high of $26.14. The business has a fifty day simple moving average of $26.04 and a 200-day simple moving average of $26.03.

Capital Group Short Duration Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were given a $0.0736 dividend. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a yield of 3.4%.

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.