Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Shares Shorted: Short Interest Down 50.7% in September

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 154,651 shares, a decline of 50.7% from the August 31st total of 313,792 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 746,390 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Capital Group U.S. Small and Mid Cap ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in Capital Group U.S. Small and Mid Cap ETF by 14.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 10,481,145 shares of the company’s stock valued at $345,563,000 after acquiring an additional 1,361,364 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 30.0% in the first quarter. Cetera Investment Advisers now owns 1,520,291 shares of the company’s stock worth $44,636,000 after purchasing an additional 350,828 shares during the last quarter. Sei Investments Co. increased its stake in Capital Group U.S. Small and Mid Cap ETF by 30.2% in the 1st quarter. Sei Investments Co. now owns 977,455 shares of the company’s stock worth $28,698,000 after buying an additional 226,974 shares during the period. Wedbush Securities Inc. lifted its holdings in Capital Group U.S. Small and Mid Cap ETF by 9,617.8% during the 2nd quarter. Wedbush Securities Inc. now owns 709,887 shares of the company’s stock valued at $28,265,000 after buying an additional 702,582 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Capital Group U.S. Small and Mid Cap ETF by 10.9% during the 2nd quarter. NewEdge Advisors LLC now owns 824,209 shares of the company’s stock valued at $27,174,000 after buying an additional 80,691 shares in the last quarter.

Capital Group U.S. Small and Mid Cap ETF Stock Up 0.6%

CGMM traded up $0.17 during trading on Thursday, reaching $31.14. The company had a trading volume of 1,180,668 shares, compared to its average volume of 990,276. The business has a 50 day simple moving average of $32.38 and a 200-day simple moving average of $31.69. The stock has a market cap of $3.45 billion, a P/E ratio of 21.71 and a beta of 0.83. Capital Group U.S. Small and Mid Cap ETF has a 52 week low of $26.80 and a 52 week high of $33.84.

About Capital Group U.S. Small and Mid Cap ETF

The Capital Group U.S. Small and Mid Cap ETF (CGMM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, investing primarily in equity-type securities of small and mid-cap companies in the US. The fund aims for capital growth CGMM was launched on Jan 14, 2025 and is issued by Capital Group.