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

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 59,203 shares, a growth of 179.5% from the February 26th total of 21,185 shares. Based on an average daily volume of 92,684 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s shares are short sold. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 92,684 shares, the short-interest ratio is currently 0.6 days.

Capital Group Ultra Short Income ETF Stock Up 0.1%

Shares of NYSEARCA CGUI traded up $0.02 during mid-day trading on Wednesday, hitting $25.34. The stock had a trading volume of 71,603 shares, compared to its average volume of 129,732. The business has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $25.34. Capital Group Ultra Short Income ETF has a 1 year low of $25.16 and a 1 year high of $25.41.

Capital Group Ultra Short Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0799 dividend. This is a boost from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of CGUI. EverSource Wealth Advisors LLC bought a new stake in shares of Capital Group Ultra Short Income ETF in the third quarter worth about $30,000. Farther Finance Advisors LLC bought a new position in Capital Group Ultra Short Income ETF during the 4th quarter valued at approximately $63,000. Jones Financial Companies Lllp bought a new position in Capital Group Ultra Short Income ETF during the 3rd quarter valued at approximately $100,000. JPMorgan Chase & Co. purchased a new stake in Capital Group Ultra Short Income ETF in the 2nd quarter worth approximately $136,000. Finally, Spire Wealth Management purchased a new stake in Capital Group Ultra Short Income ETF in the 4th quarter worth approximately $200,000.

About Capital Group Ultra Short Income ETF

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.