Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Grows By 194.6%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 239,939 shares, a growth of 194.6% from the May 31st total of 81,454 shares. Based on an average daily trading volume, of 1,077,387 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings 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 valued at $45,806,000 after purchasing an additional 1,234,872 shares during the period. LPL Financial LLC increased its stake in Capital Group U.S. Small and Mid Cap ETF by 48.7% in the fourth quarter. LPL Financial LLC now owns 2,955,064 shares of the company’s stock valued at $85,224,000 after purchasing an additional 967,841 shares in the last quarter. Captrust Financial Advisors raised its holdings in Capital Group U.S. Small and Mid Cap ETF by 2,813.8% in the second quarter. Captrust Financial Advisors now owns 923,440 shares of the company’s stock worth $24,822,000 after purchasing an additional 891,748 shares during the period. Kestra Advisory Services LLC raised its holdings in Capital Group U.S. Small and Mid Cap ETF by 2,797.0% in the fourth quarter. Kestra Advisory Services LLC now owns 898,412 shares of the company’s stock worth $25,910,000 after purchasing an additional 867,400 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in Capital Group U.S. Small and Mid Cap ETF by 90.7% in the fourth quarter. Osaic Holdings Inc. now owns 1,534,907 shares of the company’s stock worth $44,271,000 after purchasing an additional 730,173 shares during the period.

Capital Group U.S. Small and Mid Cap ETF Stock Performance

CGMM traded down $0.01 during midday trading on Friday, reaching $32.42. 679,683 shares of the company were exchanged, compared to its average volume of 1,117,979. The stock has a market capitalization of $2.43 billion, a P/E ratio of 21.71 and a beta of 0.86. Capital Group U.S. Small and Mid Cap ETF has a one year low of $26.67 and a one year high of $32.76. The stock’s 50-day simple moving average is $31.66 and its 200 day simple moving average is $30.66.

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.