Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Shorted: Short Interest Down 61.5% in September

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 22,552 shares, a decrease of 61.5% from the August 31st total of 58,615 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 332,168 shares, the short-interest ratio is currently 0.1 days.

Capital Group Short Duration Municipal Income ETF Trading Down 0.4%

Shares of Capital Group Short Duration Municipal Income ETF stock traded down $0.11 during trading on Tuesday, hitting $25.60. 574,228 shares of the company’s stock were exchanged, compared to its average volume of 335,721. The business has a 50-day simple moving average of $26.19 and a 200-day simple moving average of $26.30. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th will be paid a $0.0640 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the second quarter worth about $42,000. Ashton Thomas Securities LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at about $101,000. Capital Analysts LLC raised its holdings in Capital Group Short Duration Municipal Income ETF by 38.2% in the 2nd quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock valued at $137,000 after acquiring an additional 1,427 shares during the last quarter. HB Wealth Management LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth approximately $203,000. Finally, Sovran Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $210,000.

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.