Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Short Interest Up 118.2% in March

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 69,563 shares, a growth of 118.2% from the March 15th total of 31,878 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 242,646 shares, the short-interest ratio is currently 0.3 days.

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 business. EQ Wealth Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the third 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 in the last quarter. Private Trust Co. NA bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $51,000. Finally, CoreCap Advisors LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $58,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Capital Group Short Duration Municipal Income ETF stock remained flat at $26.33 during trading hours on Friday. The company’s stock had a trading volume of 173,292 shares, compared to its average volume of 276,304. The stock has a 50-day simple moving average of $26.48 and a 200-day simple moving average of $26.42. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.59 and a 1-year high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0667 dividend. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.0%.

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.