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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 64,295 shares, a drop of 40.5% from the April 30th total of 108,071 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 206,769 shares, the short-interest ratio is presently 0.3 days.

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

A number of large investors have recently modified their holdings of CGSM. EQ Wealth Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $30,000. JPMorgan Chase & Co. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after buying an additional 1,319 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $50,000. Lodestone Wealth Management LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $51,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $58,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA CGSM opened at $26.34 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.90 and a 1-year high of $26.68. The stock’s 50-day moving average is $26.34 and its 200 day moving average is $26.42.

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.