Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Declines By 35.3%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 114,253 shares, a decrease of 35.3% from the December 31st total of 176,614 shares. Based on an average trading volume of 516,233 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 516,233 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Capital Group Short Duration Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. SOL Capital Management CO increased its stake in Capital Group Short Duration Income ETF by 3.2% in the 4th quarter. SOL Capital Management CO now owns 144,360 shares of the company’s stock valued at $3,755,000 after buying an additional 4,460 shares during the period. Boyer Financial Services Inc. bought a new stake in Capital Group Short Duration Income ETF during the fourth quarter worth approximately $742,000. Kestra Private Wealth Services LLC grew its stake in Capital Group Short Duration Income ETF by 8.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 571,804 shares of the company’s stock valued at $14,873,000 after buying an additional 45,253 shares during the last quarter. UBS Group AG grew its position in shares of Capital Group Short Duration Income ETF by 9.5% in the fourth quarter. UBS Group AG now owns 1,281,578 shares of the company’s stock valued at $33,334,000 after purchasing an additional 110,713 shares during the last quarter. Finally, Kercheville Advisors LLC bought a new position in Capital Group Short Duration Income ETF in the 4th quarter worth approximately $227,000.

Capital Group Short Duration Income ETF Price Performance

CGSD traded down $0.08 during trading on Friday, reaching $26.02. The stock had a trading volume of 470,974 shares, compared to its average volume of 558,599. Capital Group Short Duration Income ETF has a one year low of $25.62 and a one year high of $26.14. The stock’s 50 day moving average is $26.04 and its two-hundred day moving average is $26.02.

Capital Group Short Duration Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be paid a dividend of $0.0736 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, January 30th.

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.