Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 81,454 shares, a decline of 71.9% from the May 14th total of 290,274 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,010,479 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On Capital Group U.S. Small and Mid Cap ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in shares of Capital Group U.S. Small and Mid Cap ETF in the 3rd quarter worth approximately $29,000. Raymond James Financial Inc. acquired a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the 2nd quarter worth approximately $30,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group U.S. Small and Mid Cap ETF in the third quarter valued at $36,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group U.S. Small and Mid Cap ETF during the third quarter valued at approximately $38,000. Finally, Capital Analysts LLC lifted its stake in Capital Group U.S. Small and Mid Cap ETF by 1,083.5% during the fourth quarter. Capital Analysts LLC now owns 1,361 shares of the company’s stock valued at $39,000 after purchasing an additional 1,246 shares during the last quarter.
Capital Group U.S. Small and Mid Cap ETF Stock Up 0.5%
Shares of CGMM traded up $0.17 on Friday, hitting $31.92. 935,756 shares of the stock traded hands, compared to its average volume of 1,137,533. Capital Group U.S. Small and Mid Cap ETF has a 1 year low of $25.71 and a 1 year high of $32.38. The stock’s 50 day moving average is $31.30 and its two-hundred day moving average is $30.40. The firm has a market capitalization of $2.39 billion, a P/E ratio of 21.71 and a beta of 0.86.
About Capital Group U.S. Small and Mid Cap ETF
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.
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