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

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 64,295 shares, a drop of 40.5% from the April 30th total of 108,071 shares. Based on an average daily trading volume, of 206,769 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

CGSM traded up $0.01 during trading on Thursday, reaching $26.37. 124,106 shares of the company traded hands, compared to its average volume of 268,439. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.95 and a 12-month high of $26.68. The firm has a fifty day simple moving average of $26.34 and a 200 day simple moving average of $26.41.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. EQ Wealth Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at approximately $30,000. JPMorgan Chase & Co. boosted its position in shares of 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 acquiring an additional 1,319 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at approximately $50,000. Lodestone Wealth Management LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at approximately $51,000. Finally, CoreCap Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at approximately $58,000.

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.