Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Up 63.6% in January

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 97,841 shares, a growth of 63.6% from the January 15th total of 59,788 shares. Based on an average daily volume of 323,506 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 323,506 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGSM. Capital International Investors boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 5.7% during the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after buying an additional 694,623 shares during the period. Envestnet Asset Management Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 26.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after purchasing an additional 454,829 shares in the last quarter. LPL Financial LLC increased 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 purchasing an additional 320,323 shares during the last quarter. Capital Group Private Client Services Inc. raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 87.2% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after purchasing an additional 300,787 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 261.3% during the 4th quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock valued at $10,185,000 after buying an additional 279,654 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock remained flat at $26.62 during trading hours on Friday. The stock had a trading volume of 294,345 shares, compared to its average volume of 277,661. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.55 and a fifty-two week high of $26.64. The company’s fifty day simple moving average is $26.45 and its two-hundred day simple moving average is $26.38.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued a $0.058 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%.

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.