Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Grows By 35.6%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 134,900 shares, an increase of 35.6% from the September 30th total of 99,500 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 396,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 396,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA CGSD traded down $0.02 during midday trading on Monday, reaching $25.94. The stock had a trading volume of 486,623 shares, compared to its average volume of 353,407. The stock has a 50-day moving average of $26.05 and a 200-day moving average of $25.94. Capital Group Short Duration Income ETF has a 12-month low of $25.55 and a 12-month high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 31st will be paid a $0.1087 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Friday, October 31st.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. World Investment Advisors purchased a new position in shares of Capital Group Short Duration Income ETF during the first quarter valued at about $206,000. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Short Duration Income ETF by 52.8% during the first quarter. Envestnet Asset Management Inc. now owns 853,312 shares of the company’s stock valued at $22,024,000 after buying an additional 294,905 shares during the period. Wood Tarver Financial Group LLC raised its holdings in shares of Capital Group Short Duration Income ETF by 53.7% in the first quarter. Wood Tarver Financial Group LLC now owns 107,119 shares of the company’s stock worth $2,765,000 after buying an additional 37,416 shares during the period. Synergy Investment Management LLC purchased a new stake in Capital Group Short Duration Income ETF in the first quarter worth $75,000. Finally, J Hagan Capital Inc. purchased a new position in Capital Group Short Duration Income ETF in the 1st quarter worth about $4,534,000.

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.