Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Grows By 135.4%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) saw 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 currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

A number of hedge funds have recently modified their holdings of the stock. Merit Financial Group LLC boosted its holdings in shares of Capital Group Short Duration Income ETF by 8,823.7% during the third quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock worth $47,357,000 after purchasing an additional 1,802,416 shares during the period. Wood Tarver Financial Group LLC increased its stake in Capital Group Short Duration Income ETF by 569.7% in the 4th quarter. Wood Tarver Financial Group LLC now owns 1,376,244 shares of the company’s stock valued at $35,796,000 after buying an additional 1,170,734 shares during the period. LPL Financial LLC lifted its position in Capital Group Short Duration Income ETF by 22.5% in the 4th quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock worth $162,191,000 after buying an additional 1,145,248 shares in the last quarter. Wells Fargo & Company MN lifted its position in Capital Group Short Duration Income ETF by 55.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,731,920 shares of the company’s stock worth $45,047,000 after buying an additional 615,309 shares in the last quarter. Finally, RFP Financial Group LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 1,814.3% during the 3rd quarter. RFP Financial Group LLC now owns 488,998 shares of the company’s stock valued at $12,683,000 after buying an additional 463,454 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD traded up $0.02 during mid-day trading on Friday, hitting $25.79. The company’s stock had a trading volume of 376,080 shares, compared to its average volume of 539,029. The firm has a 50-day moving average price of $26.01 and a 200 day moving average price of $26.03. Capital Group Short Duration Income ETF has a fifty-two week low of $25.62 and a fifty-two week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

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.