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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 108,071 shares, an increase of 3,287.8% from the April 15th total of 3,190 shares. Based on an average daily trading volume, of 243,753 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CGSM. Baird Financial Group Inc. acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the first quarter valued at approximately $242,000. Royal Bank of Canada raised its position in shares of Capital Group Short Duration Municipal Income ETF by 31.5% in the first quarter. Royal Bank of Canada now owns 139,130 shares of the company’s stock valued at $3,619,000 after buying an additional 33,367 shares in the last quarter. Jane Street Group LLC raised its position in Capital Group Short Duration Municipal Income ETF by 327.9% during the first quarter. Jane Street Group LLC now owns 117,653 shares of the company’s stock valued at $3,060,000 after purchasing an additional 90,157 shares in the last quarter. Sei Investments Co. acquired a new position in Capital Group Short Duration Municipal Income ETF during the second quarter valued at approximately $606,000. Finally, Raymond James Financial Inc. raised its position in Capital Group Short Duration Municipal Income ETF by 176.4% during the second quarter. Raymond James Financial Inc. now owns 104,881 shares of the company’s stock valued at $2,735,000 after purchasing an additional 66,933 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA CGSM opened at $26.34 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.87 and a 1-year high of $26.68. The company has a 50 day moving average of $26.40 and a 200-day moving average of $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were given a $0.0667 dividend. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

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.