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 growth in short interest in the month of August. As of August 14th, there was short interest totaling 47,816 shares, a growth of 185.0% from the July 30th total of 16,778 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 234,910 shares, the short-interest ratio is currently 0.2 days.

Capital Group Ultra Short Income ETF Stock Performance

Shares of NYSEARCA:CGUI traded up $0.01 during trading on Thursday, reaching $25.38. 118,937 shares of the company traded hands, compared to its average volume of 130,369. Capital Group Ultra Short Income ETF has a 52-week low of $25.20 and a 52-week high of $25.41. The business’s fifty day moving average is $25.33 and its 200-day moving average is $25.33.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

Several hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new stake in Capital Group Ultra Short Income ETF during the 1st quarter valued at $45,000. Farther Finance Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF in the 4th quarter worth $63,000. JPMorgan Chase & Co. purchased a new position in Capital Group Ultra Short Income ETF in the 2nd quarter worth $136,000. M.E. Allison & CO. Inc. acquired a new stake in Capital Group Ultra Short Income ETF during the 2nd quarter worth about $265,000. Finally, Private Advisor Group LLC acquired a new stake in Capital Group Ultra Short Income ETF during the 1st quarter worth about $273,000.

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.