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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 67,264 shares, a decline of 75.8% from the March 15th total of 278,012 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 426,294 shares, the short-interest ratio is presently 0.2 days.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock traded down $0.01 during trading on Friday, reaching $25.87. The stock had a trading volume of 293,060 shares, compared to its average volume of 517,379. The stock has a fifty day moving average price of $25.97 and a two-hundred day moving average price of $26.01. Capital Group Short Duration Income ETF has a 52 week low of $25.62 and a 52 week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

Institutional Trading of Capital Group Short Duration Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter valued at about $28,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter valued at about $32,000. Central Pacific Bank Trust Division acquired a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter valued at about $36,000. MAI Capital Management acquired a new stake in shares of Capital Group Short Duration Income ETF in the third quarter valued at about $40,000. Finally, IFP Advisors Inc increased its position in shares of Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after acquiring an additional 900 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.