Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Up 120.9% in December

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 25,670 shares, a growth of 120.9% from the December 15th total of 11,621 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 104,954 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 104,954 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Capital Group Ultra Short Income ETF Price Performance

Shares of NYSEARCA:CGUI traded down $0.01 during trading hours on Friday, hitting $25.35. The stock had a trading volume of 8,394 shares, compared to its average volume of 138,259. The stock’s fifty day simple moving average is $25.33 and its 200 day simple moving average is $25.31. Capital Group Ultra Short Income ETF has a 1-year low of $25.14 and a 1-year high of $25.41.

Capital Group Ultra Short Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1042 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CGUI. World Investment Advisors bought a new position in shares of Capital Group Ultra Short Income ETF in the third quarter valued at approximately $650,000. Tribridge Partners Financial LLC bought a new position in Capital Group Ultra Short Income ETF during the 2nd quarter valued at $4,245,000. Envestnet Asset Management Inc. bought a new position in Capital Group Ultra Short Income ETF during the 2nd quarter valued at $938,000. Integrity Alliance LLC. acquired a new position in shares of Capital Group Ultra Short Income ETF during the 2nd quarter valued at $610,000. Finally, Brookstone Capital Management raised its stake in shares of Capital Group Ultra Short Income ETF by 28.5% in the 2nd quarter. Brookstone Capital Management now owns 74,414 shares of the company’s stock worth $1,877,000 after buying an additional 16,511 shares in the last quarter.

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.