Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Sees Significant Decrease in Short Interest

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 154,651 shares, a decrease of 50.7% from the August 31st total of 313,792 shares. Based on an average daily trading volume, of 746,390 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Capital Group U.S. Small and Mid Cap ETF Price Performance

NYSEARCA:CGMM traded up $0.10 during mid-day trading on Tuesday, reaching $31.21. The company’s stock had a trading volume of 963,269 shares, compared to its average volume of 990,583. The stock has a market cap of $3.39 billion, a P/E ratio of 21.71 and a beta of 0.83. The company’s fifty day simple moving average is $32.42 and its two-hundred day simple moving average is $31.67. Capital Group U.S. Small and Mid Cap ETF has a twelve month low of $26.80 and a twelve month high of $33.84.

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

A number of institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in Capital Group U.S. Small and Mid Cap ETF by 14.9% during the second quarter. Envestnet Asset Management Inc. now owns 10,481,145 shares of the company’s stock worth $345,563,000 after purchasing an additional 1,361,364 shares during the period. Wedbush Securities Inc. grew its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 9,617.8% during the 2nd quarter. Wedbush Securities Inc. now owns 709,887 shares of the company’s stock valued at $28,265,000 after buying an additional 702,582 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 438.4% during the 2nd quarter. Baird Financial Group Inc. now owns 509,926 shares of the company’s stock worth $16,812,000 after buying an additional 415,219 shares during the last quarter. KWB Wealth acquired a new stake in shares of Capital Group U.S. Small and Mid Cap ETF during the 2nd quarter worth $12,517,000. Finally, Cetera Investment Advisers raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 30.0% in the 1st quarter. Cetera Investment Advisers now owns 1,520,291 shares of the company’s stock worth $44,636,000 after buying an additional 350,828 shares during the period.

Capital Group U.S. Small and Mid Cap ETF Company Profile

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.