Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Drops By 24.2%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 73,039 shares, a decrease of 24.2% from the February 12th total of 96,398 shares. Based on an average trading volume of 246,425 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 246,425 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EQ Wealth Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter worth $30,000. JPMorgan Chase & Co. boosted its position in 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 Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at about $50,000. Lodestone Wealth Management LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $51,000. Finally, Sittner & Nelson LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the second quarter valued at about $52,000.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGSM traded up $0.02 during trading hours on Monday, hitting $26.50. The company’s stock had a trading volume of 306,857 shares, compared to its average volume of 270,643. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.68. The firm’s fifty day moving average price is $26.54 and its 200 day moving average price is $26.43.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0667 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, February 27th.

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.