Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Sees Significant Increase in Short Interest

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 108,600 shares, a growth of 94.3% from the August 31st total of 55,900 shares. Based on an average trading volume of 386,800 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 386,800 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group Short Duration Income ETF Price Performance

Shares of NYSEARCA:CGSD opened at $26.00 on Tuesday. The stock’s 50 day moving average price is $26.02 and its 200 day moving average price is $25.91. Capital Group Short Duration Income ETF has a 12 month low of $25.55 and a 12 month high of $26.13.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a dividend of $0.0931 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, September 29th.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

A number of institutional investors have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its stake in Capital Group Short Duration Income ETF by 2.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 40,551 shares of the company’s stock worth $1,047,000 after acquiring an additional 1,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Capital Group Short Duration Income ETF by 52.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 466,899 shares of the company’s stock worth $12,051,000 after purchasing an additional 161,071 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Capital Group Short Duration Income ETF by 38.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 199,048 shares of the company’s stock worth $5,137,000 after acquiring an additional 55,204 shares during the period. Envestnet Asset Management Inc. increased its holdings in Capital Group Short Duration Income ETF by 52.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 853,312 shares of the company’s stock valued at $22,024,000 after buying an additional 294,905 shares during the period. Finally, NBC Securities Inc. lifted its stake in Capital Group Short Duration Income ETF by 9,737.5% during the first quarter. NBC Securities Inc. now owns 1,574 shares of the company’s stock worth $40,000 after purchasing an additional 1,558 shares during the period.

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.