Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Down 75.6% in July

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 16,778 shares, a decline of 75.6% from the July 15th total of 68,807 shares. Based on an average daily trading volume, of 89,132 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

Hedge funds have recently modified their holdings of the business. LPL Financial LLC lifted its position in Capital Group Ultra Short Income ETF by 155.9% during the fourth quarter. LPL Financial LLC now owns 889,125 shares of the company’s stock valued at $22,499,000 after purchasing an additional 541,663 shares in the last quarter. Brookstone Capital Management increased its position in Capital Group Ultra Short Income ETF by 589.6% in the first quarter. Brookstone Capital Management now owns 414,867 shares of the company’s stock worth $10,488,000 after buying an additional 354,705 shares in the last quarter. Wealth Science Advisors LLC bought a new position in shares of Capital Group Ultra Short Income ETF in the second quarter worth about $4,587,000. Strategic Blueprint LLC bought a new position in shares of Capital Group Ultra Short Income ETF in the fourth quarter worth about $2,003,000. Finally, Kensington Asset Management LLC lifted its position in shares of Capital Group Ultra Short Income ETF by 65.2% during the 4th quarter. Kensington Asset Management LLC now owns 184,915 shares of the company’s stock valued at $4,679,000 after buying an additional 72,990 shares in the last quarter.

Capital Group Ultra Short Income ETF Stock Performance

CGUI stock remained flat at $25.33 on Thursday. 84,436 shares of the company traded hands, compared to its average volume of 129,521. Capital Group Ultra Short Income ETF has a 52 week low of $25.20 and a 52 week high of $25.41. The company has a 50-day moving average of $25.32 and a 200-day moving average of $25.34.

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.