Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Stock Short Interest Report for October

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 161,446 shares, an increase of 216.1% from the September 30th total of 51,071 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 717,570 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Short Duration Income ETF Stock Performance

CGSD stock opened at $25.46 on Thursday. Capital Group Short Duration Income ETF has a 52-week low of $25.22 and a 52-week high of $26.15. The stock’s fifty day simple moving average is $25.48 and its 200-day simple moving average is $25.77.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.0917 dividend. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888. The ex-dividend date was Tuesday, September 29th. This represents a $1.10 annualized dividend and a yield of 4.3%.

Hedge Funds Weigh In On Capital Group Short Duration Income ETF

Hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC grew its stake in shares of Capital Group Short Duration Income ETF by 1,941.9% in the 3rd quarter. MGO One Seven LLC now owns 267,506 shares of the company’s stock valued at $6,755,000 after purchasing an additional 254,405 shares during the period. Charter Capital Management LLC DE lifted its position in shares of Capital Group Short Duration Income ETF by 22.0% during the 3rd quarter. Charter Capital Management LLC DE now owns 13,245 shares of the company’s stock worth $334,000 after buying an additional 2,387 shares during the period. International Assets Investment Management LLC lifted its position in shares of Capital Group Short Duration Income ETF by 59.3% during the 3rd quarter. International Assets Investment Management LLC now owns 200,000 shares of the company’s stock worth $5,050,000 after buying an additional 74,450 shares during the period. D.A. Davidson & CO. bought a new position in shares of Capital Group Short Duration Income ETF during the 3rd quarter worth approximately $1,415,000. Finally, North Star Investment Management Corp. bought a new position in shares of Capital Group Short Duration Income ETF during the 3rd quarter worth approximately $35,000.

About Capital Group Short Duration Income ETF

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.