Capital Group Ultra Short Income ETF (NYSEARCA:CGUI – Get Free Report) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 72,830 shares, a decline of 38.0% from the June 15th total of 117,499 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily volume of 129,734 shares, the days-to-cover ratio is currently 0.6 days.
Capital Group Ultra Short Income ETF Stock Performance
CGUI stock opened at $25.34 on Friday. Capital Group Ultra Short Income ETF has a one year low of $25.20 and a one year high of $25.41. The firm’s fifty day moving average is $25.32 and its 200 day moving average is $25.34.
Institutional Investors Weigh In On Capital Group Ultra Short Income ETF
Institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in shares of Capital Group Ultra Short Income ETF in the first quarter valued at approximately $45,000. Farther Finance Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF in the fourth quarter valued at approximately $63,000. JPMorgan Chase & Co. acquired a new stake in Capital Group Ultra Short Income ETF during the second quarter worth approximately $136,000. Spire Wealth Management purchased a new stake in shares of Capital Group Ultra Short Income ETF during the 4th quarter worth approximately $200,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of Capital Group Ultra Short Income ETF during the 2nd quarter worth approximately $265,000.
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.
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