Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Shares Shorted: Short Interest Up 132.8% in September

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 51,215 shares, an increase of 132.8% from the September 15th total of 21,997 shares. Based on an average daily volume of 164,517 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Brookstone Capital Management increased its stake in shares of Capital Group Ultra Short Income ETF by 589.6% in the first 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. Wealth Science Advisors LLC lifted its position in shares of Capital Group Ultra Short Income ETF by 81.1% during the 3rd quarter. Wealth Science Advisors LLC now owns 328,674 shares of the company’s stock worth $8,279,000 after purchasing an additional 147,211 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Capital Group Ultra Short Income ETF by 68.6% during the 1st quarter. Cetera Investment Advisers now owns 109,220 shares of the company’s stock worth $2,761,000 after purchasing an additional 44,424 shares during the last quarter. Royal Bank of Canada boosted its stake in Capital Group Ultra Short Income ETF by 10.0% during the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the company’s stock valued at $655,000 after purchasing an additional 2,366 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Capital Group Ultra Short Income ETF during the 3rd quarter valued at approximately $441,000.

Capital Group Ultra Short Income ETF Stock Performance

Shares of Capital Group Ultra Short Income ETF stock opened at $25.25 on Thursday. The firm has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $25.31. Capital Group Ultra Short Income ETF has a 1-year low of $25.14 and a 1-year high of $25.67.

Capital Group Ultra Short Income ETF Increases Dividend

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

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.