Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Decreases By 41.8%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 89,713 shares, a decrease of 41.8% from the July 15th total of 154,043 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 708,800 shares, the short-interest ratio is presently 0.1 days.

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

NYSEARCA:CGMM opened at $33.72 on Monday. The company has a market capitalization of $3.32 billion, a P/E ratio of 21.71 and a beta of 0.83. The firm has a 50-day moving average price of $32.38 and a two-hundred day moving average price of $31.34. Capital Group U.S. Small and Mid Cap ETF has a twelve month low of $26.80 and a twelve month high of $33.84.

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

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its stake 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 worth $45,806,000 after purchasing an additional 1,234,872 shares during the period. LPL Financial LLC grew its holdings in Capital Group U.S. Small and Mid Cap ETF by 48.7% in the fourth quarter. LPL Financial LLC now owns 2,955,064 shares of the company’s stock valued at $85,224,000 after purchasing an additional 967,841 shares during the period. Captrust Financial Advisors increased its position in 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 worth $24,822,000 after purchasing an additional 891,748 shares during the last quarter. Kestra Advisory Services LLC increased its position in 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 last quarter. Finally, Osaic Holdings Inc. raised its stake in 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 Company Profile

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.