Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Down 60.3% in August

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 18,998 shares, a decrease of 60.3% from the August 15th total of 47,816 shares. Based on an average trading volume of 141,702 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Capital Group Ultra Short Income ETF Trading Up 0.1%

Capital Group Ultra Short Income ETF stock traded up $0.01 during mid-day trading on Monday, hitting $25.26. The company’s stock had a trading volume of 58,206 shares, compared to its average volume of 129,422. The stock’s fifty day moving average is $25.32 and its two-hundred day moving average is $25.33. Capital Group Ultra Short Income ETF has a 1 year low of $25.20 and a 1 year high of $25.41.

Capital Group Ultra Short Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.0953 dividend. This is a boost from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Trading of Capital Group Ultra Short Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in Capital Group Ultra Short Income ETF in the first quarter valued at about $45,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $55,000. JPMorgan Chase & Co. acquired a new position in shares of Capital Group Ultra Short Income ETF in the 2nd quarter worth approximately $136,000. M.E. Allison & CO. Inc. purchased a new position in shares of Capital Group Ultra Short Income ETF during the 2nd quarter worth approximately $265,000. Finally, Private Advisor Group LLC purchased a new position in shares of Capital Group Ultra Short Income ETF during the 1st quarter worth approximately $273,000.

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.