Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Declines By 51.9%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 30,951 shares, a drop of 51.9% from the May 14th total of 64,295 shares. Based on an average daily volume of 285,248 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Heartland Consultants Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 5.0% during the third quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock worth $345,000 after buying an additional 625 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock worth $1,025,000 after purchasing an additional 653 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 6.6% in the third quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock worth $325,000 after purchasing an additional 761 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 4.6% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock valued at $549,000 after acquiring an additional 925 shares during the last quarter. Finally, Smith Thornton Advisors LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock valued at $1,578,000 after acquiring an additional 1,000 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

Shares of CGSM traded up $0.01 during mid-day trading on Monday, hitting $26.36. 189,923 shares of the company’s stock were exchanged, compared to its average volume of 266,744. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.03 and a 52 week high of $26.68. The stock’s 50-day simple moving average is $26.34 and its 200-day simple moving average is $26.41.

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.