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

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 246,324 shares, an increase of 174.6% from the July 30th total of 89,713 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 735,281 shares, the days-to-cover ratio is currently 0.3 days.

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

NYSEARCA CGMM traded down $0.35 during mid-day trading on Friday, reaching $32.81. 816,880 shares of the stock were exchanged, compared to its average volume of 1,013,307. The business’s 50 day moving average is $32.63 and its 200-day moving average is $31.53. Capital Group U.S. Small and Mid Cap ETF has a 1 year low of $26.80 and a 1 year high of $33.84. The company has a market capitalization of $3.23 billion, a P/E ratio of 21.71 and a beta of 0.83.

Institutional Investors Weigh In On Capital Group U.S. Small and Mid Cap ETF

Hedge funds have recently modified their holdings of the company. Comerica Bank purchased a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the third quarter valued at approximately $29,000. Raymond James Financial Inc. acquired a new stake in Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter valued at $30,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group U.S. Small and Mid Cap ETF in the 3rd quarter worth $38,000. Capital Analysts LLC increased its holdings in Capital Group U.S. Small and Mid Cap ETF by 1,083.5% in the 4th quarter. Capital Analysts LLC now owns 1,361 shares of the company’s stock worth $39,000 after acquiring an additional 1,246 shares in the last quarter. Finally, CWM LLC raised its position in Capital Group U.S. Small and Mid Cap ETF by 37.3% during the fourth quarter. CWM LLC now owns 1,990 shares of the company’s stock worth $57,000 after acquiring an additional 541 shares during the period.

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.