Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Large Increase in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 25,670 shares, an increase of 120.9% from the December 15th total of 11,621 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 104,954 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 104,954 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Capital Group Ultra Short Income ETF Stock Up 0.0%

CGUI stock traded up $0.01 during midday trading on Wednesday, reaching $25.35. 6,109 shares of the company’s stock traded hands, compared to its average volume of 154,790. Capital Group Ultra Short Income ETF has a 52-week low of $25.14 and a 52-week high of $25.41. The stock’s 50-day moving average is $25.33 and its 200 day moving average is $25.31.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.1042 per share. This represents a c) annualized dividend and a yield of 4.9%. This is a boost from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.05. The ex-dividend date was Wednesday, December 24th.

Institutional Trading of Capital Group Ultra Short Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in Capital Group Ultra Short Income ETF in the 3rd quarter worth approximately $30,000. Rothschild Investment LLC bought a new stake in Capital Group Ultra Short Income ETF in the 2nd quarter worth approximately $71,000. Jones Financial Companies Lllp bought a new position in shares of Capital Group Ultra Short Income ETF during the 3rd quarter valued at approximately $100,000. JPMorgan Chase & Co. purchased a new stake in Capital Group Ultra Short Income ETF during the second quarter valued at $136,000. Finally, Dynamic Advisor Solutions LLC bought a new position in Capital Group Ultra Short Income ETF during the fourth quarter valued at $332,000.

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.