Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Stock Short Interest Declines 89.4%

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 51,071 shares, a decline of 89.4% from the September 15th total of 480,033 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 968,910 shares, the days-to-cover ratio is currently 0.1 days.

Capital Group Short Duration Income ETF Price Performance

Shares of Capital Group Short Duration Income ETF stock remained flat at $25.34 on Friday. 1,482,937 shares of the company traded hands, compared to its average volume of 544,284. Capital Group Short Duration Income ETF has a 1-year low of $25.22 and a 1-year high of $26.15. The business has a 50-day moving average of $25.55 and a two-hundred day moving average of $25.71.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0917 per share. The ex-dividend date was Tuesday, September 29th. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888. This represents a $1.10 dividend on an annualized basis and a yield of 4.3%.

Institutional Trading of Capital Group Short Duration Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in shares of Capital Group Short Duration Income ETF by 6.8% in the first quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock worth $64,144,000 after acquiring an additional 157,326 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Short Duration Income ETF by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,195,984 shares of the company’s stock valued at $56,503,000 after acquiring an additional 275,849 shares during the last quarter. Royal Bank of Canada boosted its holdings in Capital Group Short Duration Income ETF by 18.3% in the first quarter. Royal Bank of Canada now owns 1,530,347 shares of the company’s stock valued at $39,468,000 after acquiring an additional 236,256 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Capital Group Short Duration Income ETF by 14.1% in the second quarter. Baird Financial Group Inc. now owns 1,373,223 shares of the company’s stock valued at $35,333,000 after acquiring an additional 169,879 shares during the last quarter. Finally, RFP Financial Group LLC grew its position in Capital Group Short Duration Income ETF by 63.0% during the fourth quarter. RFP Financial Group LLC now owns 797,118 shares of the company’s stock valued at $20,733,000 after acquiring an additional 308,120 shares during the period.

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.