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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 97,841 shares, a growth of 63.6% from the January 15th total of 59,788 shares. Based on an average daily volume of 323,506 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 323,506 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Several hedge funds have recently modified their holdings of the stock. EQ Wealth Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the 4th quarter worth approximately $30,000. JPMorgan Chase & Co. raised its position in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,319 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth $50,000. Lodestone Wealth Management LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at $51,000. Finally, Sittner & Nelson LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the second quarter valued at about $52,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock remained flat at $26.62 during trading hours on Friday. The stock had a trading volume of 294,345 shares, compared to its average volume of 277,661. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.55 and a 12 month high of $26.64. The company has a 50 day moving average price of $26.45 and a 200-day moving average price of $26.38.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a $0.058 dividend. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date was Friday, January 30th.

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.