Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Sees Large Growth in Short Interest

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 278,012 shares, an increase of 135.4% from the February 26th total of 118,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 620,019 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new stake in Capital Group Short Duration Income ETF during the fourth quarter worth about $28,000. Birchwood Financial Partners Inc. acquired a new stake in Capital Group Short Duration Income ETF during the fourth quarter worth about $32,000. Central Pacific Bank Trust Division bought a new position in Capital Group Short Duration Income ETF in the 4th quarter valued at about $36,000. MAI Capital Management bought a new position in Capital Group Short Duration Income ETF in the 3rd quarter valued at about $40,000. Finally, IFP Advisors Inc raised its position in shares of Capital Group Short Duration Income ETF by 102.4% in the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after buying an additional 900 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of NYSEARCA:CGSD opened at $25.83 on Thursday. The business’s 50 day simple moving average is $26.02 and its 200 day simple moving average is $26.03. Capital Group Short Duration Income ETF has a 1 year low of $25.62 and a 1 year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.0856 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07.

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.