Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Decreases By 53.9%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 112,486 shares, a drop of 53.9% from the February 26th total of 244,242 shares. Based on an average trading volume of 951,269 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Capital Group U.S. Small and Mid Cap ETF Trading Down 1.9%

Shares of CGMM traded down $0.56 during trading hours on Thursday, hitting $29.25. The company had a trading volume of 1,336,689 shares, compared to its average volume of 1,145,769. The company has a market capitalization of $1.37 billion, a PE ratio of 21.71 and a beta of 1.27. Capital Group U.S. Small and Mid Cap ETF has a one year low of $20.57 and a one year high of $31.65. The company’s fifty day moving average price is $30.50 and its two-hundred day moving average price is $29.28.

Hedge Funds Weigh In On Capital Group U.S. Small and Mid Cap ETF

Large investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 5.0% during the fourth quarter. Wedbush Securities Inc. now owns 7,640 shares of the company’s stock valued at $220,000 after buying an additional 363 shares during the last quarter. Pines Wealth Management LLC grew its position in shares of Capital Group U.S. Small and Mid Cap ETF by 1.5% in the 4th quarter. Pines Wealth Management LLC now owns 34,321 shares of the company’s stock worth $990,000 after buying an additional 499 shares during the last quarter. Sovran Advisors LLC raised its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 2.3% during the 4th quarter. Sovran Advisors LLC now owns 23,842 shares of the company’s stock worth $736,000 after acquiring an additional 528 shares in the last quarter. CWM LLC raised its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 37.3% during the 4th quarter. CWM LLC now owns 1,990 shares of the company’s stock worth $57,000 after acquiring an additional 541 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Capital Group U.S. Small and Mid Cap ETF by 21.3% during the fourth quarter. Farther Finance Advisors LLC now owns 3,131 shares of the company’s stock valued at $90,000 after acquiring an additional 549 shares during the last quarter.

Capital Group U.S. Small and Mid Cap ETF Company Profile

The Capital Group U.S. Small and Mid Cap ETF (CGMM) is an exchange-traded fund that mostly invests in extended market equity. The fund is actively managed, investing primarily in equity-type securities of small and mid-cap companies in the US. The fund aims for capital growth CGMM was launched on Jan 14, 2025 and is issued by Capital Group.