Short Interest in Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) Declines By 41.8%

Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 89,713 shares, a decline of 41.8% from the July 15th total of 154,043 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 708,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Capital Group U.S. Small and Mid Cap ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings 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 acquiring an additional 228,801 shares during the period. Raymond James Financial Inc. acquired a new stake in Capital Group U.S. Small and Mid Cap ETF during the 2nd quarter worth $30,000. Benjamin Edwards Inc. grew its position 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 worth $2,588,000 after purchasing an additional 55,149 shares during the last quarter. MML Investors Services LLC increased its stake in 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 valued at $6,161,000 after purchasing an additional 62,129 shares during the period. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the second quarter valued at about $851,000.

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

Shares of CGMM opened at $33.72 on Monday. Capital Group U.S. Small and Mid Cap ETF has a 1-year low of $26.80 and a 1-year high of $33.84. The stock has a market cap of $3.32 billion, a PE ratio of 21.71 and a beta of 0.83. The firm has a fifty day moving average price of $32.38 and a 200 day moving average price of $31.34.

Capital Group U.S. Small and Mid Cap ETF Company Profile

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.