Short Interest in Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Declines By 38.0%

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 72,830 shares, a decrease of 38.0% from the June 15th total of 117,499 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 129,734 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Capital Group Ultra Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in Capital Group Ultra Short Income ETF in the 1st quarter worth $45,000. Farther Finance Advisors LLC bought a new stake in Capital Group Ultra Short Income ETF in the fourth quarter worth $63,000. JPMorgan Chase & Co. purchased a new stake in shares of Capital Group Ultra Short Income ETF during the 2nd quarter valued at about $136,000. Spire Wealth Management purchased a new stake in Capital Group Ultra Short Income ETF during the fourth quarter valued at approximately $200,000. Finally, M.E. Allison & CO. Inc. purchased a new stake in Capital Group Ultra Short Income ETF during the 2nd quarter valued at $265,000.

Capital Group Ultra Short Income ETF Price Performance

CGUI stock opened at $25.33 on Friday. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.20 and a fifty-two week high of $25.41. The business’s 50-day moving average is $25.32 and its two-hundred day moving average is $25.34.

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.