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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 49,852 shares, a decrease of 61.0% from the June 30th total of 127,872 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 433,117 shares, the days-to-cover ratio is currently 0.1 days.

Capital Group Short Duration Income ETF Stock Performance

NYSEARCA CGSD opened at $25.68 on Monday. The stock’s 50-day simple moving average is $25.75 and its two-hundred day simple moving average is $25.89. Capital Group Short Duration Income ETF has a twelve month low of $25.65 and a twelve month high of $26.15.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

Several institutional investors have recently modified their holdings of CGSD. LPL Financial LLC raised its holdings 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 buying an additional 1,145,248 shares in the last quarter. Morgan Stanley boosted its stake in Capital Group Short Duration Income ETF by 7.1% in the fourth quarter. Morgan Stanley now owns 5,944,971 shares of the company’s stock worth $154,629,000 after buying an additional 396,507 shares in the last quarter. Cetera Investment Advisers boosted its stake in Capital Group Short Duration Income ETF by 6.8% in the first quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock worth $64,144,000 after buying an additional 157,326 shares in the last quarter. Capital Group Private Client Services Inc. boosted its stake in Capital Group Short Duration Income ETF by 0.7% in 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 buying an additional 15,569 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position 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 valued at $55,787,000 after acquiring an additional 123,381 shares during the last quarter.

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.