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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 31,878 shares, a drop of 56.4% from the February 26th total of 73,039 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 267,879 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Several hedge funds have recently bought and sold shares of CGSM. EQ Wealth Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. increased its position in shares of 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 worth $43,000 after acquiring an additional 1,319 shares in the last quarter. Private Trust Co. NA acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth $50,000. Lodestone Wealth Management LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth $51,000. Finally, CoreCap Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at $58,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.1%

NYSEARCA:CGSM traded down $0.02 on Thursday, reaching $26.30. The company’s stock had a trading volume of 337,552 shares, compared to its average volume of 265,673. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.55 and a 1-year high of $26.68. The business’s 50-day moving average price is $26.53 and its two-hundred day moving average price is $26.44.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0667 dividend. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.0%. This is a boost 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.