Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Expands By 135.6%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 127,872 shares, a growth of 135.6% from the June 15th total of 54,283 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 447,756 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Capital Group Short Duration Income ETF

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Capital Group Short Duration Income ETF during the second quarter worth approximately $27,000. Flagship Harbor Advisors LLC acquired a new stake in Capital Group Short Duration Income ETF during the 4th quarter worth $28,000. Birchwood Financial Partners Inc. acquired a new stake in Capital Group Short Duration Income ETF during the 4th quarter worth $32,000. Central Pacific Bank Trust Division purchased a new stake in shares of Capital Group Short Duration Income ETF during the fourth quarter worth $36,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Capital Group Short Duration Income ETF during the first quarter worth $39,000.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA:CGSD traded up $0.03 during trading hours on Tuesday, hitting $25.70. 402,427 shares of the stock were exchanged, compared to its average volume of 473,018. Capital Group Short Duration Income ETF has a 52-week low of $25.67 and a 52-week high of $26.15. The firm’s fifty day moving average price is $25.77 and its 200 day moving average price is $25.91.

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.