Short Interest in Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Drops By 60.3%

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

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

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

Capital Group Ultra Short Income ETF Trading Down 0.0%

Capital Group Ultra Short Income ETF stock opened at $25.25 on Friday. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.20 and a fifty-two week high of $25.41. The firm has a 50 day moving average price of $25.32 and a 200 day moving average price of $25.33.

Capital Group Ultra Short Income ETF Increases Dividend

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

About Capital Group Ultra Short Income ETF

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.