Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Update

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 114,253 shares, a drop of 35.3% from the December 31st total of 176,614 shares. Based on an average daily volume of 516,233 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 516,233 shares, the short-interest ratio is currently 0.2 days.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD remained flat at $26.02 during mid-day trading on Monday. The stock had a trading volume of 431,014 shares, compared to its average volume of 552,520. The stock’s 50 day moving average is $26.04 and its 200-day moving average is $26.02. Capital Group Short Duration Income ETF has a 12-month low of $25.62 and a 12-month high of $26.14.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.0736 dividend. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, January 30th.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new position in Capital Group Short Duration Income ETF in the 4th quarter worth about $28,000. Central Pacific Bank Trust Division purchased a new position in Capital Group Short Duration Income ETF in the fourth quarter worth about $36,000. MAI Capital Management purchased a new position in Capital Group Short Duration Income ETF in the third quarter worth about $40,000. IFP Advisors Inc lifted its stake in shares of Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after buying an additional 900 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Capital Group Short Duration Income ETF in the second quarter worth approximately $49,000.

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.