Capital Group Ultra Short Income ETF (NYSEARCA:CGUI – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 72,830 shares, a drop of 38.0% from the June 15th total of 117,499 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 129,734 shares, the short-interest ratio is presently 0.6 days.
Hedge Funds Weigh In On Capital Group Ultra Short Income ETF
Large investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in shares of Capital Group Ultra Short Income ETF in the 1st quarter valued at $45,000. Farther Finance Advisors LLC bought a new stake in Capital Group Ultra Short Income ETF during the fourth quarter valued at about $63,000. JPMorgan Chase & Co. bought a new stake in Capital Group Ultra Short Income ETF during the second quarter valued at about $136,000. Spire Wealth Management purchased a new position in Capital Group Ultra Short Income ETF in the fourth quarter valued at about $200,000. Finally, M.E. Allison & CO. Inc. bought a new position in Capital Group Ultra Short Income ETF in the second quarter worth about $265,000.
Capital Group Ultra Short Income ETF Price Performance
CGUI stock opened at $25.34 on Friday. The company has a 50-day moving average price of $25.32 and a 200 day moving average price of $25.34. Capital Group Ultra Short Income ETF has a 12 month low of $25.20 and a 12 month high of $25.41.
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.
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