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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 51,071 shares, a drop of 89.4% from the September 15th total of 480,033 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 968,910 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Capital Group Short Duration Income ETF

Several large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings 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 worth $64,144,000 after acquiring an additional 157,326 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Capital Group Short Duration Income ETF by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,195,984 shares of the company’s stock valued at $56,503,000 after acquiring an additional 275,849 shares during the period. Royal Bank of Canada lifted its holdings in Capital Group Short Duration Income ETF by 18.3% in the first quarter. Royal Bank of Canada now owns 1,530,347 shares of the company’s stock valued at $39,468,000 after acquiring an additional 236,256 shares during the period. Baird Financial Group Inc. boosted its position in Capital Group Short Duration Income ETF by 14.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,373,223 shares of the company’s stock worth $35,333,000 after purchasing an additional 169,879 shares in the last quarter. Finally, RFP Financial Group LLC boosted its position in Capital Group Short Duration Income ETF by 63.0% in the 4th quarter. RFP Financial Group LLC now owns 797,118 shares of the company’s stock worth $20,733,000 after purchasing an additional 308,120 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD remained flat at $25.34 during trading hours on Friday. 1,482,937 shares of the stock were exchanged, compared to its average volume of 544,284. Capital Group Short Duration Income ETF has a 12-month low of $25.22 and a 12-month high of $26.15. The stock has a 50-day simple moving average of $25.55 and a two-hundred day simple moving average of $25.71.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0917 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.3%. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888.

About Capital Group Short Duration Income ETF

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.