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) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 154,043 shares, a decline of 41.4% from the June 30th total of 262,702 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 760,682 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Capital Group U.S. Small and Mid Cap ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. KWB Wealth purchased a new stake in Capital Group U.S. Small and Mid Cap ETF during the second quarter worth about $12,517,000. A&I Financial Services LLC boosted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 14.3% in the second quarter. A&I Financial Services LLC now owns 83,521 shares of the company’s stock valued at $2,754,000 after purchasing an additional 10,470 shares during the period. Wealth Science Advisors LLC boosted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 39.5% in the second quarter. Wealth Science Advisors LLC now owns 130,103 shares of the company’s stock valued at $4,289,000 after purchasing an additional 36,834 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 16.2% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,814 shares of the company’s stock valued at $192,000 after purchasing an additional 811 shares in the last quarter. Finally, First Heartland Consultants Inc. grew its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 27.0% in the second quarter. First Heartland Consultants Inc. now owns 12,794 shares of the company’s stock valued at $422,000 after purchasing an additional 2,723 shares in the last quarter.

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

Shares of CGMM traded down $0.22 during midday trading on Friday, hitting $31.93. 669,648 shares of the stock were exchanged, compared to its average volume of 1,057,965. Capital Group U.S. Small and Mid Cap ETF has a 52-week low of $26.68 and a 52-week high of $33.25. The stock has a fifty day simple moving average of $32.10 and a 200 day simple moving average of $31.16. The firm has a market cap of $3.13 billion, a P/E ratio of 21.71 and a beta of 0.81.

About Capital Group U.S. Small and Mid Cap ETF

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.