Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Shares Shorted: Short Interest Up 285.2% in September

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 480,033 shares, a growth of 285.2% from the August 31st total of 124,607 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 981,718 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors raised its stake in Capital Group Short Duration Income ETF by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 12,745 shares of the company’s stock worth $329,000 after buying an additional 801 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Capital Group Short Duration Income ETF by 5.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,088 shares of the company’s stock valued at $465,000 after acquiring an additional 876 shares in the last quarter. Continuum Advisory LLC boosted its position in Capital Group Short Duration Income ETF by 5.8% during the 2nd quarter. Continuum Advisory LLC now owns 18,146 shares of the company’s stock valued at $467,000 after acquiring an additional 987 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Capital Group Short Duration Income ETF by 7.2% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 15,031 shares of the company’s stock valued at $388,000 after acquiring an additional 1,004 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of Capital Group Short Duration Income ETF in the 2nd quarter valued at $27,000.

Capital Group Short Duration Income ETF Stock Up 0.2%

Capital Group Short Duration Income ETF stock traded up $0.04 during midday trading on Friday, hitting $25.40. 667,226 shares of the company’s stock were exchanged, compared to its average volume of 537,073. Capital Group Short Duration Income ETF has a 12 month low of $25.34 and a 12 month high of $26.15. The firm has a 50-day moving average of $25.63 and a two-hundred day moving average of $25.75.

Capital Group Short Duration 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 given a $0.1116 dividend. This represents a $1.34 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Friday, July 31st. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0870.

About Capital Group Short Duration Income ETF

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.