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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 88,555 shares, an increase of 186.1% from the May 31st total of 30,951 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 221,977 shares, the short-interest ratio is presently 0.4 days.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM traded up $0.04 during midday trading on Friday, hitting $26.43. The stock had a trading volume of 155,165 shares, compared to its average volume of 358,153. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $26.05 and a fifty-two week high of $26.68. The business has a 50-day simple moving average of $26.35 and a two-hundred day simple moving average of $26.42.

Institutional Investors Weigh In On Capital Group Short Duration Municipal Income ETF

Several hedge funds have recently made changes to their positions in the company. Capital International Investors grew its position 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 worth $340,085,000 after purchasing an additional 694,623 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock valued at $41,862,000 after purchasing an additional 320,323 shares in the last quarter. Capital Group Private Client Services Inc. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 87.2% in the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after purchasing an additional 300,787 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 41.1% in the first quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock worth $25,998,000 after buying an additional 288,245 shares during the period. Finally, Truist Financial Corp boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 261.3% in the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after buying an additional 279,654 shares during the period.

Capital Group Short Duration Municipal Income ETF Company Profile

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.