Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Declines By 76.2%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 88,417 shares, a decline of 76.2% from the July 30th total of 371,668 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 615,392 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. LPL Financial LLC increased its stake in Capital Group Short Duration Income ETF by 22.5% during the fourth quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock worth $162,191,000 after acquiring an additional 1,145,248 shares during the last quarter. Morgan Stanley boosted its position in shares of Capital Group Short Duration Income ETF by 7.1% in the 4th quarter. Morgan Stanley now owns 5,944,971 shares of the company’s stock worth $154,629,000 after buying an additional 396,507 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Capital Group Short Duration Income ETF by 6.8% in the first quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock valued at $64,144,000 after purchasing an additional 157,326 shares during the last quarter. Capital Group Private Client Services Inc. grew its holdings in Capital Group Short Duration Income ETF by 0.7% during the 4th quarter. Capital Group Private Client Services Inc. now owns 2,346,908 shares of the company’s stock valued at $61,043,000 after buying an additional 15,569 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Capital Group Short Duration Income ETF by 6.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,144,817 shares of the company’s stock worth $55,787,000 after purchasing an additional 123,381 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

Capital Group Short Duration Income ETF stock remained flat at $25.76 during midday trading on Thursday. 533,007 shares of the company’s stock traded hands, compared to its average volume of 479,883. Capital Group Short Duration Income ETF has a twelve month low of $25.61 and a twelve month high of $26.15. The company has a fifty day simple moving average of $25.72 and a 200-day simple moving average of $25.83.

About Capital Group Short Duration Income ETF

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.