Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Stock Short Interest Report for October

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 65,696 shares, a decline of 39.2% from the September 30th total of 108,018 shares. Based on an average daily trading volume, of 700,162 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

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

Institutional investors have recently modified their holdings of the company. Sard Wealth Management Group LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 0.6% in the third quarter. Sard Wealth Management Group LLC now owns 67,522 shares of the company’s stock worth $1,736,000 after buying an additional 395 shares in the last quarter. First Heartland Consultants Inc. raised its stake 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 worth $391,000 after buying an additional 600 shares during the period. Apella Capital LLC raised its position in shares of Capital Group Short Duration Municipal Income ETF by 0.4% during the second quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock valued at $4,028,000 after buying an additional 663 shares during the last quarter. Signature Equity Partners LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth approximately $25,000. Finally, Capital Analysts LLC grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 38.2% in the second quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock worth $137,000 after purchasing an additional 1,427 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Trading Down 0.2%

CGSM opened at $26.16 on Friday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68. The stock has a 50-day moving average of $26.02 and a 200-day moving average of $26.30.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be paid a $0.0635 dividend. This is a drop from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640. The ex-dividend date is Friday, October 30th. This represents a $0.76 dividend on an annualized basis and a yield of 2.9%.

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.