Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Up 186.1% in June

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant increase in short interest during 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. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 221,977 shares, the short-interest ratio is currently 0.4 days.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM remained flat at $26.38 on Tuesday. 204,688 shares of the company were exchanged, compared to its average volume of 355,970. Capital Group Short Duration Municipal Income ETF has a one year low of $26.07 and a one year high of $26.68. The firm has a 50 day moving average price of $26.35 and a two-hundred day moving average price of $26.42.

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

A number of institutional investors have recently modified their holdings of the stock. Capital International Investors boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.0% in the fourth quarter. Capital International Investors now owns 13,026,702 shares of the company’s stock valued at $343,123,000 after purchasing an additional 125,134 shares during the period. Morgan Stanley increased its holdings in Capital Group Short Duration Municipal Income ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 2,829,898 shares of the company’s stock worth $74,540,000 after purchasing an additional 48,078 shares during the period. LPL Financial LLC increased its holdings 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. Cetera Investment Advisers raised 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 valued at $25,998,000 after purchasing an additional 288,245 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Capital Group Short Duration Municipal Income ETF by 7.2% during the 4th quarter. Captrust Financial Advisors now owns 860,845 shares of the company’s stock valued at $22,675,000 after purchasing an additional 57,547 shares in the last quarter.

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.