Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Down 75.6% in July

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 16,778 shares, a decline of 75.6% from the July 15th total of 68,807 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 89,132 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

Several large investors have recently added to or reduced their stakes in CGUI. Wealth Science Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $4,587,000. M.E. Allison & CO. Inc. purchased a new stake in shares of Capital Group Ultra Short Income ETF during the second quarter worth $265,000. Dynamic Advisor Solutions LLC raised its stake 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 acquiring an additional 1,294 shares in the last quarter. Western Wealth Management LLC purchased a new position in Capital Group Ultra Short Income ETF in the first quarter valued at $45,000. Finally, Royal Bank of Canada grew its stake in Capital Group Ultra Short Income ETF by 10.0% during the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the company’s stock worth $655,000 after purchasing an additional 2,366 shares in the last quarter.

Capital Group Ultra Short Income ETF Stock Performance

NYSEARCA CGUI traded up $0.01 during trading on Friday, hitting $25.34. The stock had a trading volume of 75,962 shares, compared to its average volume of 129,318. The firm has a 50 day moving average price of $25.32 and a 200 day moving average price of $25.34. Capital Group Ultra Short Income ETF has a twelve month low of $25.20 and a twelve month high of $25.41.

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.