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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 19,132 shares, a drop of 88.3% from the June 30th total of 163,031 shares. Based on an average daily volume of 278,226 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Capital Group Short Duration Municipal Income ETF

Several large investors have recently made changes to their positions in the company. First Heartland Consultants Inc. raised its position in Capital Group Short Duration Municipal Income ETF by 4.2% during the second quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock valued at $391,000 after acquiring an additional 600 shares in the last quarter. Wedbush Securities Inc. grew its position in Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock worth $1,025,000 after acquiring an additional 653 shares in the last quarter. Apella Capital LLC grew its position in Capital Group Short Duration Municipal Income ETF by 0.4% in the second quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock worth $4,028,000 after acquiring an additional 663 shares in the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 4.6% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after purchasing an additional 925 shares during the last quarter. Finally, Smith Thornton Advisors LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 1.7% during the 4th quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,000 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM stock remained flat at $26.22 during mid-day trading on Friday. The company’s stock had a trading volume of 122,513 shares, compared to its average volume of 344,712. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.10 and a 12 month high of $26.68. The business’s fifty day moving average price is $26.35 and its two-hundred day moving average price is $26.42.

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.