Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 49,852 shares, a drop of 61.0% from the June 30th total of 127,872 shares. Based on an average trading volume of 433,117 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Capital Group Short Duration Income ETF Trading Down 0.0%
Shares of NYSEARCA:CGSD opened at $25.72 on Wednesday. The company’s 50-day moving average price is $25.75 and its 200 day moving average price is $25.88. Capital Group Short Duration Income ETF has a fifty-two week low of $25.65 and a fifty-two week high of $26.15.
Institutional Investors Weigh In On Capital Group Short Duration Income ETF
Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the second quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new position in Capital Group Short Duration Income ETF in the 4th quarter worth approximately $28,000. Birchwood Financial Partners Inc. acquired a new stake in Capital Group Short Duration Income ETF in the 4th quarter valued at approximately $32,000. Sound Income Strategies LLC acquired a new stake in Capital Group Short Duration Income ETF in the 1st quarter valued at approximately $39,000. Finally, IFP Advisors Inc raised its stake in Capital Group Short Duration Income ETF by 102.4% during the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after acquiring an additional 900 shares in the last quarter.
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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.
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