Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Update

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 53,521 shares, a growth of 54.4% from the November 30th total of 34,658 shares. Based on an average trading volume of 204,677 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 204,677 shares, the short-interest ratio is presently 0.3 days.

Capital Group Short Duration Municipal Income ETF Trading Down 0.0%

Shares of CGSM traded down $0.01 during midday trading on Monday, hitting $26.33. The stock had a trading volume of 96,495 shares, compared to its average volume of 184,001. The stock’s 50 day moving average is $26.36 and its 200 day moving average is $26.29. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a $0.076 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 3.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Capital International Investors grew its holdings in Capital Group Short Duration Municipal Income ETF by 5.7% during the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock worth $340,085,000 after acquiring an additional 694,623 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock worth $56,984,000 after purchasing an additional 454,829 shares during the period. Capital Group Private Client Services Inc. boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 87.2% during the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after purchasing an additional 300,787 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 128.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 367,896 shares of the company’s stock valued at $9,595,000 after buying an additional 207,173 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Capital Group Short Duration Municipal Income ETF by 172.2% in the third quarter. Raymond James Financial Inc. now owns 285,479 shares of the company’s stock worth $7,525,000 after buying an additional 180,598 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.