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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 47,873 shares, a drop of 24.1% from the November 30th total of 63,038 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 436,976 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 436,976 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock remained flat at $26.02 during trading hours on Tuesday. 613,136 shares of the stock traded hands, compared to its average volume of 367,369. The business’s fifty day moving average is $26.03 and its two-hundred day moving average is $26.00. Capital Group Short Duration Income ETF has a 52-week low of $25.58 and a 52-week high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.1208 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Merit Financial Group LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 8,823.7% in the 3rd quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock worth $47,357,000 after acquiring an additional 1,802,416 shares during the last quarter. Bridgewealth Advisory Group LLC increased its stake in shares of Capital Group Short Duration Income ETF by 745.3% in the second quarter. Bridgewealth Advisory Group LLC now owns 787,980 shares of the company’s stock worth $20,436,000 after purchasing an additional 694,761 shares during the period. IAM Advisory LLC bought a new stake in Capital Group Short Duration Income ETF in the 2nd quarter valued at $13,588,000. RFP Financial Group LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 1,814.3% during the 3rd quarter. RFP Financial Group LLC now owns 488,998 shares of the company’s stock worth $12,683,000 after purchasing an additional 463,454 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Capital Group Short Duration Income ETF in the third quarter worth about $10,536,000.

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.