Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Rises By 22.4%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 65,516 shares, a growth of 22.4% from the December 15th total of 53,521 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 259,356 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 259,356 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 409.6% in the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock worth $43,000 after buying an additional 1,319 shares in the last quarter. Lodestone Wealth Management LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at $51,000. Sittner & Nelson LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth $52,000. CoreCap Advisors LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 4th quarter worth $58,000. Finally, Allworth Financial LP boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 872.6% during the 3rd quarter. Allworth Financial LP now owns 2,276 shares of the company’s stock valued at $60,000 after purchasing an additional 2,042 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

NYSEARCA:CGSM opened at $26.46 on Wednesday. The stock has a 50-day simple moving average of $26.38 and a two-hundred day simple moving average of $26.33. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.076 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) annualized dividend and a yield of 3.4%. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

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.