Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Short Interest Update

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 72,383 shares, an increase of 182.0% from the December 31st total of 25,670 shares. Based on an average daily volume of 151,338 shares, the short-interest ratio is presently 0.5 days. Currently, 0.9% of the shares of the company are sold short. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 151,338 shares, the short-interest ratio is presently 0.5 days.

Capital Group Ultra Short Income ETF Price Performance

NYSEARCA:CGUI opened at $25.39 on Thursday. The business has a fifty day simple moving average of $25.34 and a two-hundred day simple moving average of $25.32. Capital Group Ultra Short Income ETF has a 1 year low of $25.14 and a 1 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 Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.1042 dividend. The ex-dividend date was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 4.9%. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.05.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Several large investors have recently modified their holdings of CGUI. Merit Financial Group LLC bought a new stake in shares of Capital Group Ultra Short Income ETF in the third quarter valued at approximately $26,965,000. Creekmur Asset Management LLC purchased a new position in Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $19,486,000. Wealthcare Advisory Partners LLC bought a new stake in Capital Group Ultra Short Income ETF during the 4th quarter valued at $5,106,000. Tribridge Partners Financial LLC bought a new position in shares of Capital Group Ultra Short Income ETF in the second quarter worth $4,245,000. Finally, Kensington Asset Management LLC purchased a new position in shares of Capital Group Ultra Short Income ETF in the second quarter valued at $1,512,000.

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.