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

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

Capital Group U.S. Small and Mid Cap ETF stock opened at $31.93 on Friday. The stock has a 50-day moving average of $32.10 and a two-hundred day moving average of $31.16. Capital Group U.S. Small and Mid Cap ETF has a one year low of $26.68 and a one year high of $33.25. The stock has a market cap of $3.13 billion, a PE ratio of 21.71 and a beta of 0.81.

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

Several hedge funds have recently modified their holdings of CGMM. Sei Investments Co. raised its position in shares of Capital Group U.S. Small and Mid Cap ETF by 1,613.3% in the 2nd quarter. Sei Investments Co. now owns 242,983 shares of the company’s stock valued at $6,531,000 after purchasing an additional 228,801 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Capital Group U.S. Small and Mid Cap ETF during the 2nd quarter valued at approximately $30,000. Benjamin Edwards Inc. increased its stake in Capital Group U.S. Small and Mid Cap ETF by 134.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 96,264 shares of the company’s stock valued at $2,588,000 after purchasing an additional 55,149 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 37.2% in the second quarter. MML Investors Services LLC now owns 229,187 shares of the company’s stock worth $6,161,000 after buying an additional 62,129 shares during the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Capital Group U.S. Small and Mid Cap ETF in the second quarter worth $851,000.

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.