Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Rises By 129.8%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 262,521 shares, an increase of 129.8% from the January 15th total of 114,253 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 601,057 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 601,057 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. LPL Financial LLC raised 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 acquiring an additional 1,145,248 shares in the last quarter. Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Short Duration Income ETF by 0.7% in 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 period. Commonwealth Equity Services LLC raised its stake in 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 during the period. Merit Financial Group LLC lifted its holdings in Capital Group Short Duration Income ETF by 4.8% in the fourth quarter. Merit Financial Group LLC now owns 1,910,928 shares of the company’s stock worth $49,703,000 after acquiring an additional 88,085 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Capital Group Short Duration Income ETF by 21.2% in the second quarter. Cetera Investment Advisers now owns 1,839,269 shares of the company’s stock valued at $47,701,000 after acquiring an additional 321,670 shares during the period.

Capital Group Short Duration Income ETF Stock Up 0.1%

Shares of NYSEARCA:CGSD traded up $0.02 during midday trading on Thursday, reaching $26.09. The company had a trading volume of 408,499 shares, compared to its average volume of 533,531. Capital Group Short Duration Income ETF has a one year low of $25.62 and a one year high of $26.14. The stock’s fifty day moving average price is $26.04 and its 200-day moving average price is $26.03.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.0736 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 3.4%.

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.