Short Interest in Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Drops By 60.3%

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 18,998 shares, a decrease 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. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CGUI. Wealth Science Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF in the second quarter valued at $4,587,000. Kingsview Wealth Management LLC lifted its holdings in Capital Group Ultra Short Income ETF by 74.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 63,928 shares of the company’s stock worth $1,618,000 after buying an additional 27,251 shares during the last quarter. Brookstone Capital Management lifted its holdings in Capital Group Ultra Short Income ETF by 589.6% during the 1st quarter. Brookstone Capital Management now owns 414,867 shares of the company’s stock worth $10,488,000 after buying an additional 354,705 shares during the last quarter. Kensington Asset Management LLC boosted its position in shares of Capital Group Ultra Short Income ETF by 65.2% during the 4th quarter. Kensington Asset Management LLC now owns 184,915 shares of the company’s stock worth $4,679,000 after acquiring an additional 72,990 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of Capital Group Ultra Short Income ETF by 40.0% in the 4th quarter. Capital International Investors now owns 105,000 shares of the company’s stock valued at $2,657,000 after acquiring an additional 30,000 shares during the last quarter.

Capital Group Ultra Short Income ETF Trading Down 0.0%

Shares of CGUI opened at $25.25 on Friday. Capital Group Ultra Short Income ETF has a 1 year low of $25.20 and a 1 year high of $25.41. The stock has a 50-day simple moving average of $25.32 and a 200-day simple moving average of $25.33.

Capital Group Ultra Short Income ETF Increases Dividend

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

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.