Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Stock Short Interest Jumps 379.0%

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 108,018 shares, a growth of 379.0% from the September 15th total of 22,552 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 465,121 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CGSM. First Heartland Consultants Inc. raised its holdings in Capital Group Short Duration Municipal Income ETF by 4.2% during the 2nd quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock valued at $391,000 after acquiring an additional 600 shares during the period. Apella Capital LLC lifted 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 worth $4,028,000 after acquiring an additional 663 shares in the last quarter. Capital Analysts LLC boosted 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 acquiring an additional 1,427 shares during the period. Continuum Advisory LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the second quarter worth $42,000. Finally, IFP Advisors Inc boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 11.4% in the second quarter. IFP Advisors Inc now owns 18,550 shares of the company’s stock worth $489,000 after acquiring an additional 1,893 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM traded up $0.09 during trading hours on Friday, hitting $25.81. The company’s stock had a trading volume of 445,323 shares, compared to its average volume of 355,428. The business has a 50 day simple moving average of $26.09 and a two-hundred day simple moving average of $26.26. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were paid a dividend of $0.0640 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 29th. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

About Capital Group Short Duration Municipal Income ETF

(Get Free Report)

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.

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