Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Stock Short Interest Climbs 189.2%

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

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Science Advisors LLC increased its position in Capital Group Ultra Short Income ETF by 81.1% in the 3rd quarter. Wealth Science Advisors LLC now owns 328,674 shares of the company’s stock valued at $8,279,000 after acquiring an additional 147,211 shares during the period. Commonwealth Equity Services LLC acquired a new position in Capital Group Ultra Short Income ETF during the 3rd quarter worth $4,552,000. Cetera Investment Advisers boosted its position in Capital Group Ultra Short Income ETF by 68.6% during the 1st quarter. Cetera Investment Advisers now owns 109,220 shares of the company’s stock worth $2,761,000 after acquiring an additional 44,424 shares during the period. Royal Bank of Canada boosted its position in Capital Group Ultra Short Income ETF by 10.0% during the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the company’s stock worth $655,000 after acquiring an additional 2,366 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in Capital Group Ultra Short Income ETF by 25.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 17,935 shares of the company’s stock worth $452,000 after acquiring an additional 3,608 shares during the period.

Capital Group Ultra Short Income ETF Price Performance

NYSEARCA CGUI traded up $0.02 on Friday, hitting $25.26. The stock had a trading volume of 216,274 shares, compared to its average volume of 157,450. Capital Group Ultra Short Income ETF has a one year low of $25.14 and a one year high of $25.67. The company’s 50-day moving average is $25.26 and its two-hundred day moving average is $25.32.

Capital Group Ultra Short Income ETF Cuts Dividend

The firm 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 is a drop from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.0863. This represents a $1.03 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, October 30th.

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.