Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Down 76.2% in August

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 88,417 shares, a decrease of 76.2% from the July 30th total of 371,668 shares. Based on an average daily volume of 615,392 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA:CGSD remained flat at $25.76 during mid-day trading on Thursday. The company had a trading volume of 533,007 shares, compared to its average volume of 479,883. Capital Group Short Duration Income ETF has a 1-year low of $25.61 and a 1-year high of $26.15. The stock’s 50-day moving average price is $25.72 and its 200 day moving average price is $25.83.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGSD. GAMMA Investing LLC bought a new position in shares of Capital Group Short Duration Income ETF in the second quarter valued at $27,000. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Short Duration Income ETF in the fourth quarter worth about $32,000. Sound Income Strategies LLC acquired a new position in shares of Capital Group Short Duration Income ETF during the first quarter worth approximately $39,000. IFP Advisors Inc lifted its position in shares of Capital Group Short Duration Income ETF by 102.4% during the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Capital Group Short Duration Income ETF during the second quarter valued at approximately $49,000.

Capital Group Short Duration Income ETF Company Profile

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.