Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Sees Large Increase in Short Interest

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 69,563 shares, an increase of 118.2% from the March 15th total of 31,878 shares. Based on an average daily trading volume, of 242,646 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

Shares of CGSM stock traded up $0.01 during trading on Tuesday, hitting $26.34. The company had a trading volume of 444,789 shares, compared to its average volume of 285,558. The stock’s 50-day moving average is $26.48 and its two-hundred day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.69 and a 52 week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0667 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 27th.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Heartland Consultants Inc. boosted its position in Capital Group Short Duration Municipal Income ETF by 5.0% during the 3rd quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock valued at $345,000 after acquiring an additional 625 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 1.7% during the fourth quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock valued at $1,025,000 after buying an additional 653 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 14.6% during the third quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock valued at $145,000 after buying an additional 700 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 6.6% during the third quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock valued at $325,000 after buying an additional 761 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 4.6% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock valued at $549,000 after buying an additional 925 shares during the last quarter.

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.