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 decrease in short interest during the month of May. As of May 29th, there was short interest totaling 30,951 shares, a decrease of 51.9% from the May 14th total of 64,295 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 285,248 shares, the short-interest ratio is presently 0.1 days.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM remained flat at $26.35 on Friday. The company’s stock had a trading volume of 278,420 shares, compared to its average volume of 267,431. The stock’s 50-day moving average is $26.34 and its 200 day moving average is $26.41. Capital Group Short Duration Municipal Income ETF has a 12-month low of $26.01 and a 12-month high of $26.68.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGSM. Capital International Investors raised its stake 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 valued at $340,085,000 after acquiring an additional 694,623 shares during the last quarter. LPL Financial LLC increased its position in Capital Group Short Duration Municipal Income ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock worth $41,862,000 after purchasing an additional 320,323 shares during the period. Capital Group Private Client Services Inc. increased its position in Capital Group Short Duration Municipal Income ETF by 87.2% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after purchasing an additional 300,787 shares during the period. Cetera Investment Advisers increased its position in Capital Group Short Duration Municipal Income ETF by 41.1% during the 1st quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock worth $25,998,000 after purchasing an additional 288,245 shares during the period. Finally, Truist Financial Corp increased its position in Capital Group Short Duration Municipal Income ETF by 261.3% during the 4th quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after purchasing 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.