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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 53,521 shares, a growth of 54.4% from the November 30th total of 34,658 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 204,677 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 204,677 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

A number of institutional investors have recently bought and sold shares of CGSM. Capital International Investors lifted its stake in Capital Group Short Duration Municipal Income ETF by 5.7% during the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after acquiring an additional 694,623 shares during the period. Envestnet Asset Management Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after purchasing an additional 454,829 shares during the period. Captrust Financial Advisors boosted its holdings in Capital Group Short Duration Municipal Income ETF by 10.2% in the third quarter. Captrust Financial Advisors now owns 803,298 shares of the company’s stock valued at $21,175,000 after purchasing an additional 74,563 shares during the last quarter. Capital Group Private Client Services Inc. grew its position in Capital Group Short Duration Municipal Income ETF by 87.2% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after purchasing an additional 300,787 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 8.7% during the 2nd quarter. Cetera Investment Advisers now owns 410,680 shares of the company’s stock valued at $10,711,000 after buying an additional 32,913 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Down 0.0%

Capital Group Short Duration Municipal Income ETF stock traded down $0.01 during trading hours on Monday, hitting $26.33. 96,495 shares of the stock traded hands, compared to its average volume of 184,001. The firm’s 50 day moving average price is $26.36 and its 200-day moving average price is $26.29. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.076 dividend. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Wednesday, December 24th.

About Capital Group Short Duration Municipal Income ETF

The Capital Group Short Duration Municipal Income ETF (CGSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a portfolio of US municipal bonds exempt from regular federal income tax. The portfolio is mostly comprised of investment grade debts and the average portfolio duration is expected to be one year. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.