Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Update

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 22,552 shares, a decrease of 61.5% from the August 31st total of 58,615 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 332,168 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Capital Group Short Duration Municipal Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGSM. Cetera Investment Advisers raised its position in Capital Group Short Duration Municipal Income ETF by 41.1% in 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. Envestnet Asset Management Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 7.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock worth $83,125,000 after buying an additional 221,888 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Capital Group Short Duration Municipal Income ETF by 251.2% in the 1st quarter. Kestra Advisory Services LLC now owns 310,024 shares of the company’s stock valued at $8,147,000 after buying an additional 221,749 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Short Duration Municipal Income ETF by 142.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 357,693 shares of the company’s stock valued at $9,422,000 after buying an additional 210,171 shares during the last quarter. Finally, Apella Capital LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at $4,018,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGSM traded down $0.05 during midday trading on Monday, reaching $25.71. The company’s stock had a trading volume of 494,638 shares, compared to its average volume of 334,432. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.66 and a fifty-two week high of $26.68. The business’s fifty day simple moving average is $26.20 and its 200-day simple moving average is $26.31.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.0682 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.82 dividend on an annualized basis and a yield of 3.2%. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0474.

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.