Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Shares Shorted: Short Interest Down 74.6% in October

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 12,993 shares, a decrease of 74.6% from the September 30th total of 51,215 shares. Based on an average daily volume of 380,439 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Capital Group Ultra Short Income ETF Stock Performance

Shares of CGUI remained flat at $25.30 during mid-day trading on Wednesday. The stock had a trading volume of 176,836 shares, compared to its average volume of 148,308. The business has a 50 day moving average of $25.28 and a 200-day moving average of $25.32. Capital Group Ultra Short Income ETF has a 12 month low of $25.14 and a 12 month high of $25.67.

Capital Group Ultra Short Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.0863 dividend. This is a boost from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.0828. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in shares of Capital Group Ultra Short Income ETF in the first quarter valued at about $45,000. Integrated Wealth Concepts LLC bought a new position in Capital Group Ultra Short Income ETF during the second quarter valued at about $55,000. Farther Finance Advisors LLC raised its holdings in Capital Group Ultra Short Income ETF by 70.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,400 shares of the company’s stock valued at $111,000 after acquiring an additional 1,813 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in Capital Group Ultra Short Income ETF in the 3rd quarter valued at approximately $202,000. Finally, Lodestone Wealth Management LLC acquired a new position in Capital Group Ultra Short Income ETF in the 3rd quarter valued at approximately $214,000.

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.