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) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 154,043 shares, a drop of 41.4% from the June 30th total of 262,702 shares. Based on an average trading volume of 760,682 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

Capital Group U.S. Small and Mid Cap ETF Trading Up 1.2%

Shares of CGMM traded up $0.38 during trading hours on Thursday, reaching $32.15. 713,654 shares of the company’s stock traded hands, compared to its average volume of 1,060,662. Capital Group U.S. Small and Mid Cap ETF has a 12 month low of $26.68 and a 12 month high of $33.25. The stock has a market cap of $3.15 billion, a PE ratio of 21.71 and a beta of 0.81. The firm’s 50 day simple moving average is $32.08 and its 200-day simple moving average is $31.15.

Institutional Trading of Capital Group U.S. Small and Mid Cap ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. grew its position in Capital Group U.S. Small and Mid Cap ETF by 5.0% in the fourth quarter. Wedbush Securities Inc. now owns 7,640 shares of the company’s stock worth $220,000 after acquiring an additional 363 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in Capital Group U.S. Small and Mid Cap ETF by 2.0% during the first quarter. Nations Financial Group Inc. IA ADV now owns 23,230 shares of the company’s stock worth $682,000 after purchasing an additional 450 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Capital Group U.S. Small and Mid Cap ETF by 20.0% during the first quarter. Harbor Investment Advisory LLC now owns 2,886 shares of the company’s stock worth $85,000 after purchasing an additional 480 shares during the last quarter. Pines Wealth Management LLC boosted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 1.5% in the 4th quarter. Pines Wealth Management LLC now owns 34,321 shares of the company’s stock worth $990,000 after purchasing an additional 499 shares in the last quarter. Finally, Sovran Advisors LLC boosted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 2.2% in the 1st quarter. Sovran Advisors LLC now owns 24,365 shares of the company’s stock worth $770,000 after purchasing an additional 523 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.