Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Increases By 194.6%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 239,939 shares, a growth of 194.6% from the May 31st total of 81,454 shares. Based on an average daily volume of 1,077,387 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

Capital Group U.S. Small and Mid Cap ETF Trading Up 0.8%

NYSEARCA CGMM traded up $0.27 on Monday, reaching $32.69. 804,514 shares of the company were exchanged, compared to its average volume of 1,115,409. The business’s fifty day moving average price is $31.66 and its 200 day moving average price is $30.67. The stock has a market capitalization of $2.45 billion, a P/E ratio of 21.71 and a beta of 0.86. Capital Group U.S. Small and Mid Cap ETF has a fifty-two week low of $26.68 and a fifty-two week high of $32.76.

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

Institutional investors have recently modified their holdings of the company. Western Wealth Management LLC grew its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 16.5% in the first quarter. Western Wealth Management LLC now owns 21,432 shares of the company’s stock valued at $629,000 after purchasing an additional 3,034 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 10.0% in the first quarter. NewEdge Advisors LLC now owns 743,518 shares of the company’s stock valued at $21,830,000 after buying an additional 67,790 shares during the last quarter. Security Financial Services INC. increased its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 16.5% in the 1st quarter. Security Financial Services INC. now owns 38,149 shares of the company’s stock valued at $1,120,000 after acquiring an additional 5,417 shares during the last quarter. WNY Asset Management LLC acquired a new stake in Capital Group U.S. Small and Mid Cap ETF during the first quarter worth approximately $449,000. Finally, J. Derek Lewis & Associates Inc. raised its stake in Capital Group U.S. Small and Mid Cap ETF by 32.1% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 225,804 shares of the company’s stock worth $6,658,000 after acquiring an additional 54,877 shares in the last quarter.

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.