Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Large Drop in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 12,993 shares, a drop of 74.6% from the September 30th total of 51,215 shares. Based on an average daily volume of 380,439 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Large investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC boosted its position in shares of Capital Group Ultra Short Income ETF by 9.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 15,212 shares of the company’s stock worth $385,000 after buying an additional 1,294 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF during the first quarter worth about $45,000. Farther Finance Advisors LLC boosted its stake in shares of Capital Group Ultra Short Income ETF by 70.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,400 shares of the company’s stock valued at $111,000 after buying an additional 1,813 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Capital Group Ultra Short Income ETF in the second quarter worth $55,000. Finally, Kestra Advisory Services LLC boosted its stake in Capital Group Ultra Short Income ETF by 18.4% during the 1st quarter. Kestra Advisory Services LLC now owns 13,963 shares of the company’s stock valued at $353,000 after acquiring an additional 2,171 shares during the last quarter.

Capital Group Ultra Short Income ETF Stock Down 0.4%

Shares of NYSEARCA CGUI traded down $0.09 during trading hours on Friday, reaching $25.23. The stock had a trading volume of 37,434 shares, compared to its average volume of 147,796. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.14 and a fifty-two week high of $25.67. The firm has a 50-day moving average of $25.28 and a 200-day moving average of $25.32.

Capital Group Ultra Short Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be given a dividend of $0.0858 per share. The ex-dividend date is Friday, October 30th. This represents a $1.03 dividend on an annualized basis and a yield of 4.1%. This is a drop from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.0863.

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.