Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Update

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 72,383 shares, an increase of 182.0% from the December 31st total of 25,670 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average trading volume of 151,338 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 151,338 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the shares of the stock are sold short.

Capital Group Ultra Short Income ETF Price Performance

Shares of CGUI traded down $0.07 during midday trading on Friday, reaching $25.34. The stock had a trading volume of 76,119 shares, compared to its average volume of 119,691. The company’s 50-day moving average is $25.34 and its 200 day moving average is $25.32. Capital Group Ultra Short Income ETF has a 12-month low of $25.14 and a 12-month high of $25.41.

Capital Group Ultra Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be issued a $0.0668 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, January 30th.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position in shares of Capital Group Ultra Short Income ETF by 267.5% in the first quarter. Jane Street Group LLC now owns 56,676 shares of the company’s stock valued at $1,428,000 after acquiring an additional 41,254 shares during the period. Brookstone Capital Management grew its stake in shares of Capital Group Ultra Short Income ETF by 28.5% in the second quarter. Brookstone Capital Management now owns 74,414 shares of the company’s stock worth $1,877,000 after purchasing an additional 16,511 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in Capital Group Ultra Short Income ETF during the 2nd quarter valued at about $938,000. Creekmur Asset Management LLC bought a new position in Capital Group Ultra Short Income ETF during the 2nd quarter valued at approximately $19,486,000. Finally, Integrity Alliance LLC. purchased a new stake in Capital Group Ultra Short Income ETF in the 2nd quarter worth approximately $610,000.

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.