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 growth in short interest in December. As of December 15th, there was short interest totaling 53,521 shares, a growth of 54.4% from the November 30th total of 34,658 shares. Based on an average daily volume of 204,677 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 204,677 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capital International Investors boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 5.7% in the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock worth $340,085,000 after buying an additional 694,623 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of 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 worth $56,984,000 after buying an additional 454,829 shares in the last quarter. Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 87.2% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after acquiring an additional 300,787 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 128.9% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 367,896 shares of the company’s stock worth $9,595,000 after acquiring an additional 207,173 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 172.2% in the third quarter. Raymond James Financial Inc. now owns 285,479 shares of the company’s stock worth $7,525,000 after buying an additional 180,598 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $26.35 on Wednesday. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.55 and a fifty-two week high of $26.55. The company’s 50 day moving average price is $26.36 and its two-hundred day moving average price is $26.29.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.076 per share. This represents a c) annualized dividend and a dividend yield of 3.5%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Wednesday, December 24th.

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.