Short Interest in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Expands By 22.4%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 65,516 shares, an increase of 22.4% from the December 15th total of 53,521 shares. Based on an average daily volume of 259,356 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 259,356 shares, the short-interest ratio is presently 0.3 days.

Capital Group Short Duration Municipal Income ETF Stock Down 0.1%

Shares of CGSM traded down $0.03 during mid-day trading on Tuesday, reaching $26.46. The company had a trading volume of 69,979 shares, compared to its average volume of 209,914. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.55. The stock has a 50 day moving average of $26.38 and a two-hundred day moving average of $26.33.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.076 per share. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, December 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Capital International Investors boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 5.7% during the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock worth $340,085,000 after acquiring an additional 694,623 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Short Duration Municipal Income ETF by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock worth $56,984,000 after purchasing an additional 454,829 shares in the last quarter. Captrust Financial Advisors boosted its position in Capital Group Short Duration Municipal Income ETF by 10.2% during the third quarter. Captrust Financial Advisors now owns 803,298 shares of the company’s stock worth $21,175,000 after purchasing an additional 74,563 shares in the last quarter. Capital Group Private Client Services Inc. grew its holdings in Capital Group Short Duration Municipal Income ETF by 87.2% in the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after purchasing an additional 300,787 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Capital Group Short Duration Municipal Income ETF by 8.7% in the second quarter. Cetera Investment Advisers now owns 410,680 shares of the company’s stock valued at $10,711,000 after buying an additional 32,913 shares in the last quarter.

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.