Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Update

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 49,023 shares, a decline of 32.3% from the January 15th total of 72,383 shares. Based on an average daily volume of 88,130 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 88,130 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CGUI. Captrust Financial Advisors lifted its stake in shares of Capital Group Ultra Short Income ETF by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 66,856 shares of the company’s stock worth $1,687,000 after purchasing an additional 561 shares during the period. Entruity Wealth LLC raised its position in Capital Group Ultra Short Income ETF by 1.0% in the fourth quarter. Entruity Wealth LLC now owns 58,788 shares of the company’s stock worth $1,488,000 after acquiring an additional 583 shares during the period. HBW Advisory Services LLC boosted its stake in shares of Capital Group Ultra Short Income ETF by 7.9% during the 3rd quarter. HBW Advisory Services LLC now owns 15,100 shares of the company’s stock worth $382,000 after acquiring an additional 1,100 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Capital Group Ultra Short Income ETF during the 3rd quarter valued at $30,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF in the 4th quarter worth $63,000.

Capital Group Ultra Short Income ETF Price Performance

Shares of NYSEARCA CGUI traded up $0.01 during midday trading on Friday, hitting $25.39. 72,812 shares of the stock traded hands, compared to its average volume of 139,110. Capital Group Ultra Short Income ETF has a one year low of $25.16 and a one year high of $25.41. The firm has a 50-day moving average of $25.35 and a two-hundred day moving average of $25.33.

Capital Group Ultra Short Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a $0.0668 dividend. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, January 30th.

About Capital Group Ultra Short Income ETF

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.