Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Sees Large Growth in Short Interest

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 278,012 shares, an increase of 135.4% from the February 26th total of 118,100 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 620,019 shares, the short-interest ratio is presently 0.4 days.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.83 on Thursday. The company’s 50 day moving average price is $26.02 and its two-hundred day moving average price is $26.03. Capital Group Short Duration Income ETF has a fifty-two week low of $25.62 and a fifty-two week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0856 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in Capital Group Short Duration Income ETF by 5.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 8,092 shares of the company’s stock worth $210,000 after purchasing an additional 397 shares in the last quarter. DeDora Capital Inc. boosted its stake in shares of Capital Group Short Duration Income ETF by 0.5% during the third quarter. DeDora Capital Inc. now owns 78,571 shares of the company’s stock valued at $2,041,000 after purchasing an additional 408 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Capital Group Short Duration Income ETF by 3.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 13,698 shares of the company’s stock valued at $356,000 after purchasing an additional 504 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of 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 purchasing an additional 683 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 0.7% during the fourth quarter. International Assets Investment Management LLC now owns 126,908 shares of the company’s stock worth $3,301,000 after purchasing an additional 836 shares during the last quarter.

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.