Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM – Get Free Report) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 89,713 shares, a decline of 41.8% from the July 15th total of 154,043 shares. Based on an average daily volume of 708,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.
Capital Group U.S. Small and Mid Cap ETF Stock Performance
Shares of NYSEARCA CGMM traded up $0.22 during mid-day trading on Wednesday, reaching $33.33. 140,825 shares of the company’s stock were exchanged, compared to its average volume of 1,025,859. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 21.71 and a beta of 0.83. Capital Group U.S. Small and Mid Cap ETF has a 52-week low of $26.80 and a 52-week high of $33.84. The company’s 50-day moving average is $32.45 and its 200-day moving average is $31.38.
Institutional Investors Weigh In On Capital Group U.S. Small and Mid Cap ETF
A number of institutional investors have recently made changes to their positions in CGMM. LPL Financial LLC lifted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 48.7% in the 4th quarter. LPL Financial LLC now owns 2,955,064 shares of the company’s stock worth $85,224,000 after acquiring an additional 967,841 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Capital Group U.S. Small and Mid Cap ETF by 349.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,588,268 shares of the company’s stock worth $45,806,000 after purchasing an additional 1,234,872 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 90.7% during the fourth quarter. Osaic Holdings Inc. now owns 1,534,907 shares of the company’s stock worth $44,271,000 after buying an additional 730,173 shares during the period. Cetera Investment Advisers grew its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 30.0% in the first quarter. Cetera Investment Advisers now owns 1,520,291 shares of the company’s stock valued at $44,636,000 after buying an additional 350,828 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 3.8% in the fourth quarter. Captrust Financial Advisors now owns 1,035,503 shares of the company’s stock valued at $29,864,000 after buying an additional 38,007 shares in the last quarter.
About Capital Group U.S. Small and Mid Cap ETF
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.
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