Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Increases By 315.1%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 79,422 shares, a growth of 315.1% from the July 15th total of 19,132 shares. Based on an average trading volume of 262,386 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGSM. EQ Wealth Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $30,000. JPMorgan Chase & Co. grew its position in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,319 shares during the period. Private Trust Co. NA purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at about $50,000. Comerica Bank increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 248.5% in the 3rd quarter. Comerica Bank now owns 2,973 shares of the company’s stock valued at $78,000 after purchasing an additional 2,120 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the 1st quarter worth about $101,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.33 on Friday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.18 and a 12 month high of $26.68. The stock’s 50 day simple moving average is $26.34 and its two-hundred day simple moving average is $26.40.

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.