Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Up 268.9% in December

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 176,614 shares, a growth of 268.9% from the December 15th total of 47,873 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 440,550 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 440,550 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA:CGSD traded up $0.03 during trading hours on Tuesday, hitting $26.04. 196,732 shares of the stock traded hands, compared to its average volume of 437,011. Capital Group Short Duration Income ETF has a 1 year low of $25.58 and a 1 year high of $26.14. The stock has a 50 day moving average price of $26.02 and a 200 day moving average price of $26.01.

Capital Group Short Duration Income ETF Increases Dividend

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

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division acquired a new stake in shares of Capital Group Short Duration Income ETF in the 4th quarter worth approximately $36,000. MAI Capital Management purchased a new stake in Capital Group Short Duration Income ETF during the 3rd quarter worth $40,000. IFP Advisors Inc lifted its position in Capital Group Short Duration Income ETF by 102.4% during the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after acquiring an additional 900 shares in the last quarter. Bank of America Corp DE purchased a new stake in Capital Group Short Duration Income ETF during the 2nd quarter worth $49,000. Finally, Signature Resources Capital Management LLC boosted its holdings in Capital Group Short Duration Income ETF by 197.4% in the second quarter. Signature Resources Capital Management LLC now owns 2,284 shares of the company’s stock valued at $59,000 after purchasing an additional 1,516 shares during the last quarter.

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.