Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Stock Short Interest Report for October

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 161,446 shares, an increase of 216.1% from the September 30th total of 51,071 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 717,570 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CGSD. GAMMA Investing LLC acquired a new stake in shares of Capital Group Short Duration Income ETF in the second quarter worth $27,000. North Star Investment Management Corp. purchased a new stake in shares of Capital Group Short Duration Income ETF in the 3rd quarter worth about $35,000. Sound Income Strategies LLC acquired a new stake in shares of Capital Group Short Duration Income ETF during the 1st quarter worth $39,000. Signature Equity Partners LLC raised its position in shares of Capital Group Short Duration Income ETF by 341.2% during the 3rd quarter. Signature Equity Partners LLC now owns 2,422 shares of the company’s stock valued at $61,000 after acquiring an additional 1,873 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Capital Group Short Duration Income ETF by 1,078.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,168 shares of the company’s stock valued at $181,000 after acquiring an additional 6,560 shares during the period.

Capital Group Short Duration Income ETF Trading Down 0.3%

CGSD stock traded down $0.07 during trading on Friday, hitting $25.41. 260,049 shares of the stock traded hands, compared to its average volume of 562,997. The company has a 50 day simple moving average of $25.47 and a 200 day simple moving average of $25.76. Capital Group Short Duration Income ETF has a one year low of $25.22 and a one year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be given a $0.0976 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0917.

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.