Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Short Interest Down 71.9% in May

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 81,454 shares, a decrease of 71.9% from the May 14th total of 290,274 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,010,479 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group U.S. Small and Mid Cap ETF Trading Up 0.5%

Shares of CGMM stock traded up $0.17 during trading on Friday, reaching $31.92. 935,756 shares of the company’s stock traded hands, compared to its average volume of 1,137,533. The company has a market capitalization of $2.39 billion, a P/E ratio of 21.71 and a beta of 0.86. The firm’s 50-day moving average is $31.30 and its 200 day moving average is $30.40. Capital Group U.S. Small and Mid Cap ETF has a 1 year low of $25.71 and a 1 year high of $32.38.

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

A number of institutional investors have recently modified their holdings of CGMM. Merit Financial Group LLC increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 3,215.7% during the 3rd quarter. Merit Financial Group LLC now owns 1,316,034 shares of the company’s stock worth $37,362,000 after acquiring an additional 1,276,343 shares during the period. Wells Fargo & Company MN increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 349.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,588,268 shares of the company’s stock worth $45,806,000 after acquiring an additional 1,234,872 shares during the period. LPL Financial LLC increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 48.7% during the 4th quarter. LPL Financial LLC now owns 2,955,064 shares of the company’s stock worth $85,224,000 after acquiring an additional 967,841 shares during the period. Captrust Financial Advisors increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 2,813.8% during the 2nd quarter. Captrust Financial Advisors now owns 923,440 shares of the company’s stock worth $24,822,000 after acquiring an additional 891,748 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 2,797.0% during the 4th quarter. Kestra Advisory Services LLC now owns 898,412 shares of the company’s stock worth $25,910,000 after acquiring an additional 867,400 shares during the period.

Capital Group U.S. Small and Mid Cap ETF Company Profile

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.