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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 64,295 shares, a decline of 40.5% from the April 30th total of 108,071 shares. Based on an average daily volume of 206,769 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

NYSEARCA:CGSM opened at $26.34 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.90 and a 52-week high of $26.68. The business’s fifty day moving average is $26.34 and its 200 day moving average is $26.42.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Capital International Investors increased its position in shares of Capital Group Short Duration Municipal Income ETF by 1.0% in the fourth quarter. Capital International Investors now owns 13,026,702 shares of the company’s stock worth $343,123,000 after purchasing an additional 125,134 shares during the last quarter. Morgan Stanley increased its position in shares of Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Morgan Stanley now owns 2,829,898 shares of the company’s stock worth $74,540,000 after purchasing an additional 48,078 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Short Duration Municipal Income ETF by 26.6% in the third 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 last quarter. LPL Financial LLC increased its position in shares of Capital Group Short Duration Municipal Income ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock worth $41,862,000 after purchasing an additional 320,323 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Short Duration Municipal Income ETF by 41.1% in the first quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock worth $25,998,000 after purchasing an additional 288,245 shares during 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.