Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Sees Large Increase in Short Interest

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 59,203 shares, a growth of 179.5% from the February 26th total of 21,185 shares. Based on an average trading volume of 92,684 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 92,684 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC boosted its stake in Capital Group Ultra Short Income ETF by 267.5% in the first quarter. Jane Street Group LLC now owns 56,676 shares of the company’s stock worth $1,428,000 after buying an additional 41,254 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Capital Group Ultra Short Income ETF during the second quarter worth approximately $136,000. MML Investors Services LLC purchased a new position in shares of Capital Group Ultra Short Income ETF during the second quarter worth approximately $929,000. Captrust Financial Advisors lifted its holdings in shares of Capital Group Ultra Short Income ETF by 0.8% in the 2nd quarter. Captrust Financial Advisors now owns 66,856 shares of the company’s stock worth $1,687,000 after acquiring an additional 561 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new stake in shares of Capital Group Ultra Short Income ETF in the 2nd quarter worth approximately $1,108,000.

Capital Group Ultra Short Income ETF Stock Up 0.1%

CGUI traded up $0.02 during trading on Wednesday, reaching $25.34. The stock had a trading volume of 71,603 shares, compared to its average volume of 129,732. The business has a 50-day moving average of $25.36 and a 200-day moving average of $25.34. Capital Group Ultra Short Income ETF has a one year low of $25.16 and a one year high of $25.41.

Capital Group Ultra Short Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a dividend of $0.0799 per share. This is a boost from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.8%.

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.