Short Interest in Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) Decreases By 75.6%

Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 16,778 shares, a decrease of 75.6% from the July 15th total of 68,807 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 89,132 shares, the short-interest ratio is presently 0.2 days.

Capital Group Ultra Short Income ETF Stock Performance

NYSEARCA:CGUI remained flat at $25.33 during trading hours on Thursday. The company’s stock had a trading volume of 84,436 shares, compared to its average volume of 129,521. The firm has a 50-day moving average price of $25.32 and a 200-day moving average price of $25.34. Capital Group Ultra Short Income ETF has a 1-year low of $25.20 and a 1-year high of $25.41.

Institutional Investors Weigh In On Capital Group Ultra Short Income ETF

A number of institutional investors have recently made changes to their positions in CGUI. Western Wealth Management LLC purchased a new position in Capital Group Ultra Short Income ETF in the 1st quarter worth approximately $45,000. Farther Finance Advisors LLC purchased a new stake in Capital Group Ultra Short Income ETF during the 4th quarter valued at $63,000. JPMorgan Chase & Co. purchased a new stake in Capital Group Ultra Short Income ETF during the 2nd quarter valued at $136,000. M.E. Allison & CO. Inc. bought a new stake in shares of Capital Group Ultra Short Income ETF in the 2nd quarter worth $265,000. Finally, Private Advisor Group LLC purchased a new position in shares of Capital Group Ultra Short Income ETF in the first quarter worth $273,000.

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.