Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Drops By 56.4%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 31,878 shares, a decrease of 56.4% from the February 26th total of 73,039 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 267,879 shares, the short-interest ratio is presently 0.1 days.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

Shares of CGSM stock traded up $0.01 on Friday, hitting $26.31. 204,242 shares of the stock traded hands, compared to its average volume of 264,631. The firm has a 50 day simple moving average of $26.52 and a two-hundred day simple moving average of $26.43. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.0667 per share. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.0%.

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

Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 36.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 275,137 shares of the company’s stock valued at $7,253,000 after purchasing an additional 74,083 shares during the last quarter. Osaic Holdings Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 32.1% during the 2nd quarter. Osaic Holdings Inc. now owns 362,187 shares of the company’s stock worth $9,445,000 after buying an additional 87,994 shares during the last quarter. Jones Financial Companies Lllp increased its position in Capital Group Short Duration Municipal Income ETF by 64.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 300,279 shares of the company’s stock valued at $7,927,000 after buying an additional 117,877 shares in the last quarter. Royal Harbor Partners LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 53.1% during the third quarter. Royal Harbor Partners LLC now owns 103,646 shares of the company’s stock valued at $2,732,000 after acquiring an additional 35,962 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 240.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 72,911 shares of the company’s stock valued at $1,922,000 after purchasing an additional 51,496 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.