Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Stock Short Interest Climbs 379.0%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 108,018 shares, an increase of 379.0% from the September 15th total of 22,552 shares. Based on an average daily trading volume, of 465,121 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

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

A number of large investors have recently modified their holdings of CGSM. Continuum Advisory LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF during the second quarter worth approximately $42,000. Ashton Thomas Securities LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the first quarter valued at approximately $101,000. Capital Analysts LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 38.2% in the second quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock valued at $137,000 after purchasing an additional 1,427 shares in the last quarter. HB Wealth Management LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $203,000. Finally, Sovran Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the first quarter valued at approximately $210,000.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

Shares of CGSM stock traded up $0.01 during trading hours on Monday, reaching $25.82. 218,042 shares of the stock were exchanged, compared to its average volume of 354,488. The business’s fifty day moving average is $26.09 and its two-hundred day moving average is $26.25. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.59 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.0640 per share. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. The ex-dividend date was Tuesday, September 29th. This represents a $0.77 annualized dividend and a yield of 3.0%.

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.