Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Short Interest Update

by · The Markets Daily

Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 88,417 shares, a drop of 76.2% from the July 30th total of 371,668 shares. Based on an average daily volume of 615,392 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Capital Group Short Duration Income ETF Price Performance

CGSD traded down $0.05 during trading on Friday, reaching $25.70. 420,879 shares of the company were exchanged, compared to its average volume of 479,525. The firm has a 50 day moving average of $25.72 and a 200 day moving average of $25.83. Capital Group Short Duration Income ETF has a 52 week low of $25.61 and a 52 week high of $26.15.

Institutional Trading of Capital Group Short Duration Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGSD. GAMMA Investing LLC purchased a new stake in shares of Capital Group Short Duration Income ETF in the second quarter worth approximately $27,000. Birchwood Financial Partners Inc. acquired a new position in Capital Group Short Duration Income ETF during the fourth quarter worth $32,000. Sound Income Strategies LLC bought a new position in Capital Group Short Duration Income ETF in the 1st quarter valued at $39,000. IFP Advisors Inc increased its stake in shares of 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 valued at $46,000 after buying an additional 900 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in Capital Group Short Duration Income ETF in the 2nd quarter valued at $49,000.

Capital Group Short Duration Income ETF Company Profile

(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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