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 significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 79,422 shares, an increase of 315.1% from the July 15th total of 19,132 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 262,386 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1%

NYSEARCA CGSM traded up $0.02 on Friday, reaching $26.33. The company had a trading volume of 202,166 shares, compared to its average volume of 336,728. The stock’s 50 day moving average is $26.34 and its 200-day moving average is $26.40. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.18 and a 52 week high of $26.68.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. First Heartland Consultants Inc. raised its holdings in Capital Group Short Duration Municipal Income ETF by 4.2% in the second quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock worth $391,000 after purchasing an additional 600 shares during the period. Wedbush Securities Inc. grew its stake 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 valued at $1,025,000 after acquiring an additional 653 shares during the period. Apella Capital LLC grew its position in shares of Capital Group Short Duration Municipal Income ETF by 0.4% in the 2nd quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock valued at $4,028,000 after purchasing an additional 663 shares during the period. Richards Merrill & Peterson Inc. increased its position in shares of Capital Group Short Duration Municipal Income ETF by 4.6% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after acquiring an additional 925 shares in the last quarter. Finally, Stephens Inc. AR increased its holdings in Capital Group Short Duration Municipal Income ETF by 9.5% during the 4th quarter. Stephens Inc. AR now owns 13,075 shares of the company’s stock worth $344,000 after purchasing an additional 1,135 shares in the last quarter.

About Capital Group Short Duration Municipal Income ETF

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.