Short Interest in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Increases By 645.5%

by · The Markets Daily

Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 371,668 shares, an increase of 645.5% from the July 15th total of 49,852 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily volume of 479,015 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Capital Group Short Duration Income ETF during the second quarter valued at about $27,000. Flagship Harbor Advisors LLC bought a new stake in Capital Group Short Duration Income ETF in the 4th quarter valued at about $28,000. Birchwood Financial Partners Inc. acquired a new position in Capital Group Short Duration Income ETF during the 4th quarter worth approximately $32,000. Sound Income Strategies LLC acquired a new position in Capital Group Short Duration Income ETF during the 1st quarter worth approximately $39,000. Finally, IFP Advisors Inc boosted its holdings in Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after acquiring an additional 900 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

CGSD traded up $0.06 during trading on Thursday, hitting $25.74. The company’s stock had a trading volume of 140,541 shares, compared to its average volume of 480,227. Capital Group Short Duration Income ETF has a twelve month low of $25.61 and a twelve month high of $26.15. The stock’s fifty day moving average price is $25.73 and its 200-day moving average price is $25.86.

About Capital Group Short Duration Income ETF

(Get Free Report)

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.

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