Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Update

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 43,635 shares, a decrease of 45.1% from the July 30th total of 79,422 shares. Based on an average daily trading volume, of 220,665 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Capital Group Short Duration Municipal Income ETF Price Performance

NYSEARCA CGSM traded down $0.05 during trading hours on Monday, hitting $26.25. The company’s stock had a trading volume of 153,805 shares, compared to its average volume of 330,053. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.18 and a 12 month high of $26.68. The company’s 50 day simple moving average is $26.33 and its two-hundred day simple moving average is $26.38.

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

Several institutional investors have recently made changes to their positions in the business. Cauble & Harre Wealth Management Inc. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at $2,040,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 142.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 357,693 shares of the company’s stock worth $9,422,000 after purchasing an additional 210,171 shares during the period. Boulder Wealth Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $2,173,000. Wealth Science Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 2nd quarter valued at about $672,000. Finally, Private Advisor Group LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 25.1% in the 1st quarter. Private Advisor Group LLC now owns 187,205 shares of the company’s stock valued at $4,920,000 after purchasing an additional 37,522 shares in the last quarter.

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.