Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Up 84.1% in June

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 163,031 shares, a growth of 84.1% from the June 15th total of 88,555 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,391,493 shares, the short-interest ratio is currently 0.1 days.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA:CGSM opened at $26.35 on Friday. The business’s 50 day moving average is $26.35 and its 200 day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 52-week low of $26.10 and a 52-week high of $26.68.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Science Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth $672,000. First Heartland Consultants Inc. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 4.2% in the second quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock valued at $391,000 after acquiring an additional 600 shares in the last quarter. Apella Capital LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 0.4% in the second quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock worth $4,028,000 after acquiring an additional 663 shares during the period. Western Wealth Management LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the first quarter worth about $302,000. Finally, NewEdge Advisors LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 40.6% in the first quarter. NewEdge Advisors LLC now owns 72,803 shares of the company’s stock worth $1,913,000 after acquiring an additional 21,013 shares during the period.

Capital Group Short Duration Municipal Income ETF Company Profile

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.