Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Down 75.6% in July

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 16,778 shares, a decline of 75.6% from the July 15th total of 68,807 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 89,132 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Ultra Short Income ETF Trading Up 0.0%

Capital Group Ultra Short Income ETF stock traded up $0.01 during trading hours on Friday, reaching $25.34. 75,962 shares of the stock were exchanged, compared to its average volume of 129,318. Capital Group Ultra Short Income ETF has a twelve month low of $25.20 and a twelve month high of $25.41. The stock has a 50 day moving average of $25.32 and a two-hundred day moving average of $25.34.

Institutional Trading of Capital Group Ultra Short Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC bought a new position in Capital Group Ultra Short Income ETF in the first quarter valued at approximately $45,000. Farther Finance Advisors LLC bought a new stake in Capital Group Ultra Short Income ETF during the fourth quarter worth $63,000. JPMorgan Chase & Co. bought a new stake in Capital Group Ultra Short Income ETF during the second quarter worth $136,000. M.E. Allison & CO. Inc. acquired a new stake in shares of Capital Group Ultra Short Income ETF in the 2nd quarter valued at $265,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Capital Group Ultra Short Income ETF in the 1st quarter valued at $273,000.

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.