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 drop in short interest in June. As of June 30th, there was short interest totaling 72,830 shares, a drop of 38.0% from the June 15th total of 117,499 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 129,734 shares, the days-to-cover ratio is currently 0.6 days.

Capital Group Ultra Short Income ETF Stock Performance

Shares of Capital Group Ultra Short Income ETF stock opened at $25.33 on Friday. Capital Group Ultra Short Income ETF has a 12-month low of $25.20 and a 12-month high of $25.41. The firm’s 50 day simple moving average is $25.32 and its two-hundred day simple moving average is $25.34.

Hedge Funds Weigh In On Capital Group Ultra Short Income ETF

Institutional investors have recently bought and sold shares of the business. Michael Brady & Co. LLC purchased a new position in Capital Group Ultra Short Income ETF during the fourth quarter valued at approximately $687,000. Strategic Blueprint LLC purchased a new stake in Capital Group Ultra Short Income ETF in the 4th quarter worth approximately $2,003,000. Merit Financial Group LLC boosted its position in Capital Group Ultra Short Income ETF by 4.9% in the 4th quarter. Merit Financial Group LLC now owns 1,117,817 shares of the company’s stock worth $28,286,000 after purchasing an additional 51,782 shares in the last quarter. Tribridge Partners Financial LLC grew its stake in shares of Capital Group Ultra Short Income ETF by 19.1% during the 4th quarter. Tribridge Partners Financial LLC now owns 258,891 shares of the company’s stock worth $6,551,000 after purchasing an additional 41,519 shares during the period. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Capital Group Ultra Short Income ETF during the 4th quarter worth approximately $5,106,000.

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.