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

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 109,132 shares, a decline of 22.5% from the December 31st total of 140,867 shares. Based on an average trading volume of 878,701 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 878,701 shares, the days-to-cover ratio is presently 0.1 days.

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

Shares of CGMM traded down $0.26 during mid-day trading on Tuesday, reaching $29.95. 1,110,760 shares of the company’s stock traded hands, compared to its average volume of 1,035,429. The business’s 50-day moving average price is $29.61 and its 200-day moving average price is $28.59. The stock has a market capitalization of $1.37 billion, a P/E ratio of 21.71 and a beta of 1.27. Capital Group U.S. Small and Mid Cap ETF has a 12 month low of $20.57 and a 12 month high of $31.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 181.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,204,921 shares of the company’s stock worth $147,768,000 after acquiring an additional 3,358,406 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 3,215.7% during the third quarter. Merit Financial Group LLC now owns 1,316,034 shares of the company’s stock worth $37,362,000 after purchasing an additional 1,276,343 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 2,813.8% during the second quarter. Captrust Financial Advisors now owns 923,440 shares of the company’s stock valued at $24,822,000 after purchasing an additional 891,748 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter valued at $13,595,000. Finally, Assetmark Inc. increased its stake in Capital Group U.S. Small and Mid Cap ETF by 1,332.0% in the 3rd quarter. Assetmark Inc. now owns 534,638 shares of the company’s stock worth $15,178,000 after purchasing an additional 497,304 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.