Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Decreases By 53.9%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 112,486 shares, a drop of 53.9% from the February 26th total of 244,242 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 951,269 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Capital Group U.S. Small and Mid Cap ETF

A number of large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA bought a new position in shares of Capital Group U.S. Small and Mid Cap ETF during the 3rd quarter valued at approximately $28,000. Comerica Bank bought a new stake in Capital Group U.S. Small and Mid Cap ETF in the third quarter worth $29,000. Raymond James Financial Inc. purchased a new stake in Capital Group U.S. Small and Mid Cap ETF during the second quarter valued at $30,000. Westside Investment Management Inc. purchased a new stake in Capital Group U.S. Small and Mid Cap ETF during the third quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC bought a new position in Capital Group U.S. Small and Mid Cap ETF during the third quarter valued at $36,000.

Capital Group U.S. Small and Mid Cap ETF Price Performance

Shares of CGMM stock traded down $0.56 during trading hours on Thursday, hitting $29.25. The stock had a trading volume of 1,336,689 shares, compared to its average volume of 1,145,769. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 21.71 and a beta of 1.27. Capital Group U.S. Small and Mid Cap ETF has a one year low of $20.57 and a one year high of $31.65. The stock’s 50-day moving average price is $30.50 and its two-hundred day moving average price is $29.28.

About Capital Group U.S. Small and Mid Cap ETF

The Capital Group U.S. Small and Mid Cap ETF (CGMM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, investing primarily in equity-type securities of small and mid-cap companies in the US. The fund aims for capital growth CGMM was launched on Jan 14, 2025 and is issued by Capital Group.