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 large drop in short interest during the month of February. As of February 27th, there was short interest totaling 73,039 shares, a drop of 24.2% from the February 12th total of 96,398 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 246,425 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 246,425 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Capital Group Short Duration Municipal Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. EQ Wealth Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth approximately $30,000. JPMorgan Chase & Co. increased its holdings in Capital Group Short Duration Municipal Income ETF by 409.6% during the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after buying an additional 1,319 shares during the last quarter. Private Trust Co. NA purchased a new stake in Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the fourth quarter worth approximately $51,000. Finally, Sittner & Nelson LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the second quarter worth approximately $52,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM traded up $0.01 during trading hours on Friday, hitting $26.48. The stock had a trading volume of 222,471 shares, compared to its average volume of 269,906. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.55 and a 12 month high of $26.68. The stock has a fifty day moving average price of $26.53 and a 200 day moving average price of $26.43.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0667 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

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.