Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Down 45.1% in August

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 43,635 shares, a decrease of 45.1% from the July 30th total of 79,422 shares. Based on an average daily volume of 220,665 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

Hedge funds have recently modified their holdings of the stock. Capital International Investors raised its holdings in Capital Group Short Duration Municipal Income ETF by 1.0% during the fourth 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 in the last quarter. Morgan Stanley grew its stake in Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Morgan Stanley now owns 2,829,898 shares of the company’s stock valued at $74,540,000 after purchasing an additional 48,078 shares in the last quarter. LPL Financial LLC increased its position in shares of Capital Group Short Duration Municipal Income ETF by 25.2% during the 4th quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock worth $41,862,000 after purchasing an additional 320,323 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group Short Duration Municipal Income ETF by 41.1% during the 1st quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock worth $25,998,000 after purchasing an additional 288,245 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 7.2% during the 4th quarter. Captrust Financial Advisors now owns 860,845 shares of the company’s stock worth $22,675,000 after purchasing an additional 57,547 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Down 0.1%

CGSM stock traded down $0.03 during midday trading on Friday, hitting $26.30. The company’s stock had a trading volume of 148,459 shares, compared to its average volume of 331,122. Capital Group Short Duration Municipal Income ETF has a twelve month low of $26.18 and a twelve month high of $26.68. The company’s fifty day moving average price is $26.33 and its 200 day moving average price is $26.38.

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.