Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Decreases By 88.3%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 19,132 shares, a decrease of 88.3% from the June 30th total of 163,031 shares. Based on an average daily volume of 278,226 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EQ Wealth Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $30,000. JPMorgan Chase & Co. lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,319 shares during the period. Private Trust Co. NA purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth approximately $50,000. Lodestone Wealth Management LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth approximately $51,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter worth approximately $58,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM traded up $0.06 during trading on Monday, hitting $26.28. The stock had a trading volume of 37,097 shares, compared to its average volume of 342,468. Capital Group Short Duration Municipal Income ETF has a twelve month low of $26.10 and a twelve month high of $26.68. The company’s 50-day moving average price is $26.35 and its 200 day moving average price is $26.42.

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.