Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Sees Significant Growth in Short Interest

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 118,100 shares, an increase of 173.8% from the February 12th total of 43,126 shares. Based on an average trading volume of 507,542 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 507,542 shares, the days-to-cover ratio is currently 0.2 days.

Capital Group Short Duration Income ETF Stock Down 0.3%

Shares of CGSD traded down $0.07 during midday trading on Thursday, hitting $25.88. 454,571 shares of the company traded hands, compared to its average volume of 566,274. The firm has a 50 day moving average of $26.05 and a 200-day moving average of $26.04. Capital Group Short Duration Income ETF has a 52 week low of $25.62 and a 52 week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.0856 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Several institutional investors have recently modified their holdings of CGSD. Flagship Harbor Advisors LLC bought a new stake in Capital Group Short Duration Income ETF in the fourth quarter worth $28,000. Birchwood Financial Partners Inc. bought a new stake in shares of Capital Group Short Duration Income ETF during the fourth quarter valued at approximately $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Capital Group Short Duration Income ETF in the 4th quarter worth $36,000. MAI Capital Management purchased a new stake in Capital Group Short Duration Income ETF in the third quarter worth about $40,000. Finally, IFP Advisors Inc lifted its position in shares of Capital Group Short Duration Income ETF by 102.4% in the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares during the period.

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.