Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Grows By 194.6%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 239,939 shares, an increase of 194.6% from the May 31st total of 81,454 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 1,077,387 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Capital Group U.S. Small and Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CGMM. Wells Fargo & Company MN raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 349.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,588,268 shares of the company’s stock valued at $45,806,000 after acquiring an additional 1,234,872 shares during the last quarter. LPL Financial LLC boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 48.7% in the 4th quarter. LPL Financial LLC now owns 2,955,064 shares of the company’s stock worth $85,224,000 after purchasing an additional 967,841 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Capital Group U.S. Small and Mid Cap ETF by 2,813.8% in the 2nd quarter. Captrust Financial Advisors now owns 923,440 shares of the company’s stock worth $24,822,000 after purchasing an additional 891,748 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 2,797.0% during the fourth quarter. Kestra Advisory Services LLC now owns 898,412 shares of the company’s stock worth $25,910,000 after purchasing an additional 867,400 shares during the period. Finally, Osaic Holdings Inc. grew its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 90.7% during the fourth quarter. Osaic Holdings Inc. now owns 1,534,907 shares of the company’s stock worth $44,271,000 after purchasing an additional 730,173 shares during the period.

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

Shares of NYSEARCA CGMM traded down $0.01 during mid-day trading on Friday, hitting $32.42. The company’s stock had a trading volume of 679,683 shares, compared to its average volume of 1,117,979. Capital Group U.S. Small and Mid Cap ETF has a one year low of $26.67 and a one year high of $32.76. The company’s fifty day simple moving average is $31.66 and its 200-day simple moving average is $30.66. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 21.71 and a beta of 0.86.

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.