Short Interest in Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Increases By 185.0%

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 47,816 shares, an increase of 185.0% from the July 30th total of 16,778 shares. Based on an average daily volume of 234,910 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s shares are sold short.

Capital Group Ultra Short Income ETF Trading Down 0.0%

Shares of NYSEARCA CGUI traded down $0.01 on Friday, reaching $25.37. 74,690 shares of the company traded hands, compared to its average volume of 130,031. The company has a 50 day moving average of $25.33 and a 200 day moving average of $25.33. Capital Group Ultra Short Income ETF has a fifty-two week low of $25.20 and a fifty-two week high of $25.41.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. LPL Financial LLC boosted its holdings in Capital Group Ultra Short Income ETF by 155.9% in the fourth quarter. LPL Financial LLC now owns 889,125 shares of the company’s stock valued at $22,499,000 after acquiring an additional 541,663 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Capital Group Ultra Short Income ETF by 589.6% during the 1st quarter. Brookstone Capital Management now owns 414,867 shares of the company’s stock worth $10,488,000 after purchasing an additional 354,705 shares during the period. Kensington Asset Management LLC increased its position in Capital Group Ultra Short Income ETF by 65.2% during the 4th quarter. Kensington Asset Management LLC now owns 184,915 shares of the company’s stock worth $4,679,000 after purchasing an additional 72,990 shares in the last quarter. Wealth Science Advisors LLC purchased a new position in Capital Group Ultra Short Income ETF in the second quarter valued at approximately $4,587,000. Finally, Osaic Holdings Inc. raised its stake in shares of Capital Group Ultra Short Income ETF by 53.2% in the 4th quarter. Osaic Holdings Inc. now owns 160,199 shares of the company’s stock valued at $4,055,000 after acquiring an additional 55,598 shares during the period.

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.