Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Sees Large Growth in Short Interest

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 88,555 shares, a growth of 186.1% from the May 31st total of 30,951 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 221,977 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. EQ Wealth Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $30,000. JPMorgan Chase & Co. increased its stake in Capital Group Short Duration Municipal Income ETF by 409.6% during the 3rd 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 period. Private Trust Co. NA bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at $51,000. Finally, CoreCap Advisors LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $58,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.2%

Shares of NYSEARCA:CGSM traded down $0.05 during midday trading on Monday, reaching $26.38. The company had a trading volume of 248,077 shares, compared to its average volume of 357,250. The stock’s fifty day moving average price is $26.35 and its 200-day moving average price is $26.42. Capital Group Short Duration Municipal Income ETF has a one year low of $26.07 and a one year high of $26.68.

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.