Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Update

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 16,500 shares, an increase of 94.1% from the September 15th total of 8,500 shares. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Several hedge funds have recently bought and sold shares of CGUI. Rothschild Investment LLC purchased a new position in Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $71,000. JPMorgan Chase & Co. purchased a new position in Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $136,000. HBW Advisory Services LLC increased its stake in Capital Group Ultra Short Income ETF by 7.9% in the 3rd quarter. HBW Advisory Services LLC now owns 15,100 shares of the company’s stock valued at $382,000 after purchasing an additional 1,100 shares in the last quarter. Integrity Alliance LLC. purchased a new position in Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $610,000. Finally, World Investment Advisors purchased a new position in Capital Group Ultra Short Income ETF in the 3rd quarter valued at approximately $650,000.

Capital Group Ultra Short Income ETF Price Performance

NYSEARCA CGUI opened at $25.35 on Thursday. Capital Group Ultra Short Income ETF has a 1-year low of $25.09 and a 1-year high of $25.37. The business has a 50 day moving average price of $25.32 and a 200 day moving average price of $25.27.

Capital Group Ultra Short Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0807 dividend. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, September 29th. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.08.

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.