Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Sees Significant Drop in Short Interest

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 49,852 shares, a decline of 61.0% from the June 30th total of 127,872 shares. Based on an average daily trading volume, of 433,117 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in Capital Group Short Duration Income ETF in the first quarter valued at approximately $207,000. Jane Street Group LLC grew its stake in Capital Group Short Duration Income ETF by 58.6% in the 1st quarter. Jane Street Group LLC now owns 128,815 shares of the company’s stock worth $3,325,000 after buying an additional 47,590 shares in the last quarter. NewEdge Advisors LLC grew its stake in Capital Group Short Duration Income ETF by 52.8% in the 2nd quarter. NewEdge Advisors LLC now owns 263,378 shares of the company’s stock worth $6,831,000 after buying an additional 91,022 shares in the last quarter. Sei Investments Co. purchased a new position in Capital Group Short Duration Income ETF in the 2nd quarter worth approximately $1,062,000. Finally, Raymond James Financial Inc. increased its holdings in shares of Capital Group Short Duration Income ETF by 45.0% in the 2nd quarter. Raymond James Financial Inc. now owns 939,933 shares of the company’s stock worth $24,377,000 after buying an additional 291,618 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA CGSD opened at $25.68 on Monday. The stock’s 50-day simple moving average is $25.75 and its two-hundred day simple moving average is $25.89. Capital Group Short Duration Income ETF has a twelve month low of $25.65 and a twelve month high of $26.15.

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.