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 February. As of February 27th, there was short interest totaling 118,100 shares, an increase of 173.8% from the February 12th total of 43,126 shares. Based on an average daily volume of 507,542 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 507,542 shares, the short-interest ratio is presently 0.2 days.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA:CGSD traded down $0.03 during trading hours on Wednesday, hitting $25.95. 449,260 shares of the stock traded hands, compared to its average volume of 568,652. The firm has a 50 day moving average price of $26.05 and a 200 day moving average price of $26.04. 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 firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0856 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

A number of institutional investors have recently bought and sold shares of CGSD. LPL Financial LLC grew its stake in Capital Group Short Duration Income ETF by 22.5% during the 4th quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock valued at $162,191,000 after acquiring an additional 1,145,248 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Capital Group Short Duration Income ETF by 7.1% during the fourth quarter. Morgan Stanley now owns 5,944,971 shares of the company’s stock worth $154,629,000 after purchasing an additional 396,507 shares during the period. Capital Group Private Client Services Inc. grew its position in Capital Group Short Duration Income ETF by 0.7% during the fourth quarter. Capital Group Private Client Services Inc. now owns 2,346,908 shares of the company’s stock valued at $61,043,000 after purchasing an additional 15,569 shares in the last quarter. Cetera Investment Advisers grew its position in Capital Group Short Duration Income ETF by 12.0% during the fourth quarter. Cetera Investment Advisers now owns 2,329,829 shares of the company’s stock valued at $60,599,000 after purchasing an additional 249,622 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in Capital Group Short Duration Income ETF by 6.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,144,817 shares of the company’s stock valued at $55,787,000 after buying an additional 123,381 shares during the period.

About Capital Group Short Duration Income ETF

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.