Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Update

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 127,872 shares, a growth of 135.6% from the June 15th total of 54,283 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 447,756 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Network Inc. boosted its stake in shares of Capital Group Short Duration Income ETF by 16.1% during the fourth quarter. Financial Management Network Inc. now owns 270,202 shares of the company’s stock valued at $7,023,000 after purchasing an additional 37,435 shares during the period. Lodestone Wealth Management LLC increased its stake in shares of Capital Group Short Duration Income ETF by 27.1% in the fourth quarter. Lodestone Wealth Management LLC now owns 235,176 shares of the company’s stock worth $6,117,000 after buying an additional 50,146 shares during the period. Keudell Morrison Wealth Management purchased a new position in shares of Capital Group Short Duration Income ETF in the first quarter worth $637,000. Landaas & Co. WI ADV raised its holdings in Capital Group Short Duration Income ETF by 118.3% during the 4th quarter. Landaas & Co. WI ADV now owns 541,876 shares of the company’s stock valued at $14,094,000 after buying an additional 293,652 shares during the last quarter. Finally, World Investment Advisors raised its holdings in Capital Group Short Duration Income ETF by 46.2% during the 4th quarter. World Investment Advisors now owns 94,363 shares of the company’s stock valued at $2,454,000 after buying an additional 29,812 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA:CGSD remained flat at $25.75 on Thursday. The stock had a trading volume of 147,503 shares, compared to its average volume of 470,406. The business has a 50 day simple moving average of $25.77 and a 200-day simple moving average of $25.90. Capital Group Short Duration Income ETF has a 52-week low of $25.67 and a 52-week high of $26.15.

Capital Group Short Duration Income ETF Company Profile

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.