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

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 37,570 shares, an increase of 189.2% from the October 15th total of 12,993 shares. Based on an average daily volume of 193,116 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

Capital Group Ultra Short Income ETF Stock Performance

CGUI traded up $0.02 during midday trading on Friday, reaching $25.26. The company had a trading volume of 216,274 shares, compared to its average volume of 157,450. The business has a 50-day moving average of $25.26 and a two-hundred day moving average of $25.32. Capital Group Ultra Short Income ETF has a 1 year low of $25.14 and a 1 year high of $25.67.

Capital Group Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a dividend of $0.0858 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, October 30th. This is a decrease from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.0863.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. IFG Advisory LLC lifted its stake in shares of Capital Group Ultra Short Income ETF by 35.2% during the 3rd quarter. IFG Advisory LLC now owns 4,274 shares of the company’s stock valued at $108,000 after buying an additional 1,112 shares in the last quarter. MSH Capital Advisors LLC purchased a new position in shares of Capital Group Ultra Short Income ETF in the third quarter valued at about $317,000. Kestra Advisory Services LLC lifted its holdings in shares of Capital Group Ultra Short Income ETF by 25.2% in the third quarter. Kestra Advisory Services LLC now owns 17,935 shares of the company’s stock worth $452,000 after buying an additional 3,608 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Capital Group Ultra Short Income ETF in the 3rd quarter worth $4,552,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Capital Group Ultra Short Income ETF in the third quarter worth about $202,000.

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.