Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Large Decline in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 18,998 shares, a drop of 60.3% from the August 15th total of 47,816 shares. Based on an average daily volume of 141,702 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Capital Group Ultra Short Income ETF Price Performance

CGUI stock traded up $0.01 during midday trading on Tuesday, hitting $25.27. 115,230 shares of the company’s stock were exchanged, compared to its average volume of 129,540. Capital Group Ultra Short Income ETF has a 12-month low of $25.20 and a 12-month high of $25.41. The firm has a 50 day moving average price of $25.32 and a 200-day moving average price of $25.33.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.0953 per share. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Trading of Capital Group Ultra Short Income ETF

Several institutional investors have recently added to or reduced their stakes in CGUI. Wealth Science Advisors LLC bought a new stake in shares of Capital Group Ultra Short Income ETF in the 2nd quarter worth about $4,587,000. Kingsview Wealth Management LLC lifted its position in shares of Capital Group Ultra Short Income ETF by 74.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 63,928 shares of the company’s stock worth $1,618,000 after purchasing an additional 27,251 shares during the last quarter. Brookstone Capital Management grew its stake in Capital Group Ultra Short Income ETF by 589.6% in the first quarter. Brookstone Capital Management now owns 414,867 shares of the company’s stock worth $10,488,000 after purchasing an additional 354,705 shares in the last quarter. Kensington Asset Management LLC grew its stake in Capital Group Ultra Short Income ETF by 65.2% in the fourth quarter. Kensington Asset Management LLC now owns 184,915 shares of the company’s stock worth $4,679,000 after purchasing an additional 72,990 shares in the last quarter. Finally, Capital International Investors increased its holdings in Capital Group Ultra Short Income ETF by 40.0% in the fourth quarter. Capital International Investors now owns 105,000 shares of the company’s stock valued at $2,657,000 after buying an additional 30,000 shares during the last quarter.

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.