Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Up 3,287.8% in April

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 108,071 shares, a growth of 3,287.8% from the April 15th total of 3,190 shares. Based on an average trading volume of 243,753 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock remained flat at $26.32 during trading on Wednesday. 29,193 shares of the stock traded hands, compared to its average volume of 267,454. The company has a 50 day moving average of $26.39 and a two-hundred day moving average of $26.42. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.88 and a fifty-two week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Capital International Investors boosted its position in Capital Group Short Duration Municipal Income ETF by 1.0% during the 4th quarter. Capital International Investors now owns 13,026,702 shares of the company’s stock worth $343,123,000 after acquiring an additional 125,134 shares during the period. Morgan Stanley increased its stake in Capital Group Short Duration Municipal Income ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 2,829,898 shares of the company’s stock valued at $74,540,000 after buying an additional 48,078 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 valued at $56,984,000 after acquiring an additional 454,829 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock valued at $41,862,000 after acquiring an additional 320,323 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 7.2% in the fourth quarter. Captrust Financial Advisors now owns 860,845 shares of the company’s stock valued at $22,675,000 after acquiring an additional 57,547 shares in the last quarter.

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.