Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Sees Large Drop in Short Interest

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 154,651 shares, a decrease of 50.7% from the August 31st total of 313,792 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 746,390 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CGMM. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 16.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 137,808 shares of the company’s stock worth $4,544,000 after acquiring an additional 19,562 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 14.9% during the second quarter. Envestnet Asset Management Inc. now owns 10,481,145 shares of the company’s stock valued at $345,563,000 after purchasing an additional 1,361,364 shares during the last quarter. Capital Analysts LLC lifted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 148.9% during the second quarter. Capital Analysts LLC now owns 45,195 shares of the company’s stock valued at $1,490,000 after purchasing an additional 27,038 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 52.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,840 shares of the company’s stock valued at $489,000 after purchasing an additional 5,137 shares during the period. Finally, RFG Advisory LLC boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 9.5% in the 2nd quarter. RFG Advisory LLC now owns 44,150 shares of the company’s stock valued at $1,456,000 after purchasing an additional 3,844 shares during the period.

Capital Group U.S. Small and Mid Cap ETF Trading Down 0.4%

Shares of NYSEARCA CGMM traded down $0.14 during midday trading on Wednesday, reaching $31.07. The company’s stock had a trading volume of 698,778 shares, compared to its average volume of 988,741. The company has a 50 day moving average price of $32.40 and a 200 day moving average price of $31.68. Capital Group U.S. Small and Mid Cap ETF has a one year low of $26.80 and a one year high of $33.84. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 21.71 and a beta of 0.83.

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.