Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Expands By 135.6%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 127,872 shares, a growth of 135.6% from the June 15th total of 54,283 shares. Based on an average daily volume of 447,756 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Capital Group Short Duration Income ETF

Several institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in Capital Group Short Duration Income ETF by 5.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 8,092 shares of the company’s stock valued at $210,000 after acquiring an additional 397 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in Capital Group Short Duration Income ETF by 4.1% during the third quarter. Ausdal Financial Partners Inc. now owns 17,402 shares of the company’s stock worth $452,000 after acquiring an additional 683 shares during the last quarter. Arkadios Wealth Advisors raised its position in Capital Group Short Duration Income ETF by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 12,745 shares of the company’s stock valued at $329,000 after purchasing an additional 801 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 0.7% in the 4th quarter. International Assets Investment Management LLC now owns 126,908 shares of the company’s stock valued at $3,301,000 after purchasing an additional 836 shares during the last quarter. Finally, Pines Wealth Management LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 3.0% in the 4th quarter. Pines Wealth Management LLC now owns 31,040 shares of the company’s stock valued at $807,000 after purchasing an additional 896 shares during the last quarter.

Capital Group Short Duration Income ETF Price Performance

CGSD stock traded up $0.03 during trading on Tuesday, reaching $25.70. 402,427 shares of the stock were exchanged, compared to its average volume of 473,018. The business has a 50 day moving average price of $25.77 and a 200-day moving average price of $25.91. Capital Group Short Duration Income ETF has a 1 year low of $25.67 and a 1 year high of $26.15.

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.