Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Down 66.2% in February

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 21,185 shares, a decline of 66.2% from the February 12th total of 62,740 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 68,168 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 68,168 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are short sold.

Capital Group Ultra Short Income ETF Price Performance

Shares of NYSEARCA:CGUI traded down $0.02 on Friday, reaching $25.32. 60,391 shares of the company traded hands, compared to its average volume of 116,586. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.16 and a fifty-two week high of $25.41. The company’s 50 day moving average is $25.36 and its 200-day moving average is $25.34.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0799 per share. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, February 27th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CGUI. Captrust Financial Advisors raised its position in shares of Capital Group Ultra Short Income ETF by 0.8% during the second quarter. Captrust Financial Advisors now owns 66,856 shares of the company’s stock valued at $1,687,000 after buying an additional 561 shares during the last quarter. Entruity Wealth LLC grew its holdings in shares of Capital Group Ultra Short Income ETF by 1.0% during the fourth quarter. Entruity Wealth LLC now owns 58,788 shares of the company’s stock worth $1,488,000 after purchasing an additional 583 shares during the last quarter. HBW Advisory Services LLC increased its stake in shares of Capital Group Ultra Short Income ETF by 7.9% in the third quarter. HBW Advisory Services LLC now owns 15,100 shares of the company’s stock valued at $382,000 after buying an additional 1,100 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group Ultra Short Income ETF in the third quarter valued at $30,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Capital Group Ultra Short Income ETF in the fourth quarter valued at about $63,000.

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.