Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Sees Large Increase in Short Interest

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 163,031 shares, a growth of 84.1% from the June 15th total of 88,555 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,391,493 shares, the short-interest ratio is presently 0.1 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. EQ Wealth Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at $30,000. JPMorgan Chase & Co. grew its position in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,319 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $50,000. Lodestone Wealth Management LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $51,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $58,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.34 on Friday. The stock’s 50-day simple moving average is $26.35 and its 200-day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.10 and a 52 week high of $26.68.

About Capital Group Short Duration Municipal Income ETF

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.