Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Increases By 135.6%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 127,872 shares, a growth of 135.6% from the June 15th total of 54,283 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 447,756 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

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

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock traded up $0.05 on Wednesday, hitting $25.75. 476,629 shares of the company traded hands, compared to its average volume of 473,045. Capital Group Short Duration Income ETF has a 12-month low of $25.67 and a 12-month high of $26.15. The firm’s 50-day simple moving average is $25.77 and its 200 day simple moving average is $25.90.

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.