Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Significant Drop in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 12,993 shares, a decrease of 74.6% from the September 30th total of 51,215 shares. Based on an average daily volume of 380,439 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Institutional investors have recently bought and sold shares of the company. Wealth Science Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF in the second quarter worth approximately $4,587,000. Cetera Investment Advisers raised its holdings in shares of Capital Group Ultra Short Income ETF by 68.6% in the first quarter. Cetera Investment Advisers now owns 109,220 shares of the company’s stock valued at $2,761,000 after buying an additional 44,424 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Capital Group Ultra Short Income ETF in the 3rd quarter valued at about $441,000. Farther Finance Advisors LLC lifted its position in Capital Group Ultra Short Income ETF by 70.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,400 shares of the company’s stock worth $111,000 after acquiring an additional 1,813 shares during the period. Finally, Capital Analysts LLC increased its holdings in shares of Capital Group Ultra Short Income ETF by 508.4% in the second quarter. Capital Analysts LLC now owns 10,914 shares of the company’s stock valued at $276,000 after purchasing an additional 9,120 shares during the period.

Capital Group Ultra Short Income ETF Trading Up 0.1%

NYSEARCA CGUI traded up $0.02 on Thursday, reaching $25.32. 153,714 shares of the company’s stock traded hands, compared to its average volume of 148,334. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.14 and a fifty-two week high of $25.67. The stock has a 50 day moving average price of $25.28 and a 200-day moving average price of $25.32.

Capital Group Ultra Short Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.0863 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.0828. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%.

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.