Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Down 88.3% in July

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 19,132 shares, a decline of 88.3% from the June 30th total of 163,031 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 278,226 shares, the short-interest ratio is presently 0.1 days.

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

Hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. acquired a new position in Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $242,000. Royal Bank of Canada raised its stake in Capital Group Short Duration Municipal Income ETF by 31.5% during the 1st quarter. Royal Bank of Canada now owns 139,130 shares of the company’s stock valued at $3,619,000 after purchasing an additional 33,367 shares during the period. Jane Street Group LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 327.9% in the first quarter. Jane Street Group LLC now owns 117,653 shares of the company’s stock valued at $3,060,000 after purchasing an additional 90,157 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the second quarter valued at $606,000. Finally, Raymond James Financial Inc. boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 176.4% in the second quarter. Raymond James Financial Inc. now owns 104,881 shares of the company’s stock worth $2,735,000 after buying an additional 66,933 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock remained flat at $26.22 during mid-day trading on Friday. 122,513 shares of the company’s stock were exchanged, compared to its average volume of 344,712. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.10 and a 52 week high of $26.68. The stock has a 50-day moving average of $26.35 and a two-hundred day moving average of $26.42.

Capital Group Short Duration Municipal Income ETF Company Profile

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.