Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Large Increase in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 62,740 shares, an increase of 28.0% from the January 29th total of 49,023 shares. Based on an average trading volume of 177,995 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 177,995 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Capital Group Ultra Short Income ETF

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new position in shares of Capital Group Ultra Short Income ETF during the 3rd quarter worth $30,000. Farther Finance Advisors LLC acquired a new stake in Capital Group Ultra Short Income ETF in the fourth quarter worth $63,000. Rothschild Investment LLC acquired a new stake in shares of Capital Group Ultra Short Income ETF in the second quarter valued at approximately $71,000. Jones Financial Companies Lllp bought a new stake in shares of Capital Group Ultra Short Income ETF in the 3rd quarter valued at about $100,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Capital Group Ultra Short Income ETF in the second quarter valued at about $136,000.

Capital Group Ultra Short Income ETF Trading Down 0.0%

NYSEARCA CGUI traded down $0.01 during trading on Wednesday, reaching $25.33. The company’s stock had a trading volume of 39,198 shares, compared to its average volume of 119,062. The business’s fifty day moving average price is $25.35 and its 200-day moving average price is $25.34. Capital Group Ultra Short Income ETF has a twelve month low of $25.16 and a twelve month high of $25.41.

Capital Group Ultra Short Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0799 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07.

Capital Group Ultra Short Income ETF Company Profile

The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less. CGUI was launched on Jun 25, 2024 and is issued by Capital Group.