Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Down 66.2% in February

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 21,185 shares, a drop of 66.2% from the February 12th total of 62,740 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 68,168 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 68,168 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Capital Group Ultra Short Income ETF Trading Down 0.1%

Shares of NYSEARCA:CGUI traded down $0.02 during trading on Friday, reaching $25.32. 60,391 shares of the stock were exchanged, compared to its average volume of 116,585. Capital Group Ultra Short Income ETF has a 12 month low of $25.16 and a 12 month high of $25.41. The stock has a 50-day moving average price of $25.36 and a 200-day moving average price of $25.34.

Capital Group Ultra Short Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0799 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Merit Financial Group LLC increased its position in Capital Group Ultra Short Income ETF by 4.9% during the 4th quarter. Merit Financial Group LLC now owns 1,117,817 shares of the company’s stock worth $28,286,000 after buying an additional 51,782 shares during the period. LPL Financial LLC boosted its position in shares of Capital Group Ultra Short Income ETF by 155.9% in the fourth quarter. LPL Financial LLC now owns 889,125 shares of the company’s stock valued at $22,499,000 after acquiring an additional 541,663 shares during the period. Creekmur Asset Management LLC grew its stake in shares of Capital Group Ultra Short Income ETF by 4.8% in the third quarter. Creekmur Asset Management LLC now owns 809,658 shares of the company’s stock valued at $20,480,000 after acquiring an additional 37,326 shares in the last quarter. Tribridge Partners Financial LLC increased its position in Capital Group Ultra Short Income ETF by 19.1% during the fourth quarter. Tribridge Partners Financial LLC now owns 258,891 shares of the company’s stock worth $6,551,000 after acquiring an additional 41,519 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in Capital Group Ultra Short Income ETF during the fourth quarter worth about $5,106,000.

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.