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

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 620,019 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Capital Group Short Duration Income ETF Stock Performance

CGSD opened at $25.79 on Friday. The stock has a fifty day moving average of $26.01 and a 200-day moving average of $26.03. Capital Group Short Duration Income ETF has a 12-month low of $25.62 and a 12-month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Capital Group Short Duration Income ETF in the first quarter worth approximately $207,000. Jane Street Group LLC boosted its holdings in shares of Capital Group Short Duration Income ETF by 58.6% during the first quarter. Jane Street Group LLC now owns 128,815 shares of the company’s stock worth $3,325,000 after purchasing an additional 47,590 shares during the period. Global Retirement Partners LLC purchased a new position in Capital Group Short Duration Income ETF during the second quarter valued at approximately $773,000. Northwestern Mutual Wealth Management Co. grew its position in Capital Group Short Duration Income ETF by 4.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 251,030 shares of the company’s stock valued at $6,510,000 after purchasing an additional 9,996 shares in the last quarter. Finally, CW Advisors LLC increased its stake in Capital Group Short Duration Income ETF by 8.7% in the 2nd quarter. CW Advisors LLC now owns 25,376 shares of the company’s stock valued at $658,000 after buying an additional 2,034 shares during the period.

Capital Group Short Duration Income ETF Company Profile

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.