Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Drops By 41.8%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 89,713 shares, a decrease of 41.8% from the July 15th total of 154,043 shares. Based on an average daily trading volume, of 708,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

CGMM traded down $0.53 during trading on Tuesday, hitting $33.11. 564,744 shares of the stock traded hands, compared to its average volume of 1,031,609. The firm has a 50-day moving average of $32.42 and a 200 day moving average of $31.37. The firm has a market capitalization of $3.26 billion, a P/E ratio of 21.71 and a beta of 0.83. Capital Group U.S. Small and Mid Cap ETF has a 12-month low of $26.80 and a 12-month high of $33.84.

Hedge Funds Weigh In On Capital Group U.S. Small and Mid Cap ETF

Institutional investors have recently bought and sold shares of the stock. Wedbush Securities Inc. boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 5.0% during the fourth quarter. Wedbush Securities Inc. now owns 7,640 shares of the company’s stock valued at $220,000 after purchasing an additional 363 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Capital Group U.S. Small and Mid Cap ETF by 2.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 23,230 shares of the company’s stock valued at $682,000 after purchasing an additional 450 shares in the last quarter. Harbor Investment Advisory LLC raised its holdings in Capital Group U.S. Small and Mid Cap ETF by 20.0% in the first quarter. Harbor Investment Advisory LLC now owns 2,886 shares of the company’s stock worth $85,000 after buying an additional 480 shares during the last quarter. Pines Wealth Management LLC raised its holdings in Capital Group U.S. Small and Mid Cap ETF by 1.5% in the fourth quarter. Pines Wealth Management LLC now owns 34,321 shares of the company’s stock worth $990,000 after buying an additional 499 shares during the last quarter. Finally, Sovran Advisors LLC lifted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 2.2% in the first quarter. Sovran Advisors LLC now owns 24,365 shares of the company’s stock worth $770,000 after buying an additional 523 shares in the last quarter.

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.