Short Interest in Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Rises By 120.9%

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 25,670 shares, an increase of 120.9% from the December 15th total of 11,621 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 104,954 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 104,954 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are sold short.

Capital Group Ultra Short Income ETF Stock Up 0.0%

Shares of CGUI traded up $0.01 during midday trading on Thursday, reaching $25.35. The company had a trading volume of 55,628 shares, compared to its average volume of 151,303. Capital Group Ultra Short Income ETF has a 1-year low of $25.14 and a 1-year high of $25.41. The firm has a 50 day simple moving average of $25.33 and a 200-day simple moving average of $25.31.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.1042 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.05.

Institutional Trading of Capital Group Ultra Short Income ETF

Several hedge funds have recently made changes to their positions in the business. World Investment Advisors acquired a new stake in shares of Capital Group Ultra Short Income ETF in the 3rd quarter valued at about $650,000. Tribridge Partners Financial LLC increased its position in Capital Group Ultra Short Income ETF by 29.2% during the third quarter. Tribridge Partners Financial LLC now owns 217,372 shares of the company’s stock worth $5,497,000 after buying an additional 49,135 shares during the period. Envestnet Asset Management Inc. purchased a new stake in Capital Group Ultra Short Income ETF in the second quarter valued at approximately $938,000. Integrity Alliance LLC. acquired a new stake in shares of Capital Group Ultra Short Income ETF in the second quarter valued at approximately $610,000. Finally, Merit Financial Group LLC purchased a new position in shares of Capital Group Ultra Short Income ETF during the third quarter worth approximately $26,965,000.

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.