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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a large decrease in short interest in 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. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 278,226 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Hedge funds have recently made changes to their positions in the stock. Capital International Investors boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.0% during 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 period. Morgan Stanley increased its stake in Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Morgan Stanley now owns 2,829,898 shares of the company’s stock valued at $74,540,000 after buying an additional 48,078 shares during the period. LPL Financial LLC lifted its position in Capital Group Short Duration Municipal Income ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock worth $41,862,000 after buying an additional 320,323 shares in the last quarter. Cetera Investment Advisers lifted its position in Capital Group Short Duration Municipal Income ETF by 41.1% in the 1st quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock worth $25,998,000 after buying an additional 288,245 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 7.2% during the 4th quarter. Captrust Financial Advisors now owns 860,845 shares of the company’s stock valued at $22,675,000 after buying an additional 57,547 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA CGSM remained flat at $26.22 during trading on Friday. The company’s stock had a trading volume of 122,513 shares, compared to its average volume of 344,712. Capital Group Short Duration Municipal Income ETF has a 12-month low of $26.10 and a 12-month high of $26.68. The stock has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $26.42.

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.