Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Stock Short Interest Report for October

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 65,696 shares, a decline of 39.2% from the September 30th total of 108,018 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 700,162 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 540.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 32,226 shares of the company’s stock valued at $829,000 after buying an additional 27,198 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 15.4% in the third quarter. Kestra Advisory Services LLC now owns 416,192 shares of the company’s stock worth $10,700,000 after buying an additional 55,535 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $13,358,000. Signature Equity Partners LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $25,000. Finally, Landaas & Co. WI ADV bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $1,243,000.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

Shares of CGSM stock traded up $0.01 on Tuesday, hitting $26.16. The company had a trading volume of 206,015 shares, compared to its average volume of 368,592. The stock’s 50-day moving average is $26.02 and its two-hundred day moving average is $26.30. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.59 and a twelve month high of $26.68.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0635 dividend. The ex-dividend date was Friday, October 30th. This represents a $0.76 annualized dividend and a dividend yield of 2.9%. This is a decrease from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640.

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.