Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 30,951 shares, a drop of 51.9% from the May 14th total of 64,295 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 285,248 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Capital Group Short Duration Municipal Income ETF
Large investors have recently modified their holdings of the stock. EQ Wealth Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $30,000. JPMorgan Chase & Co. boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock worth $43,000 after acquiring an additional 1,319 shares in the last quarter. Private Trust Co. NA bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $50,000. Lodestone Wealth Management LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $51,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $58,000.
Capital Group Short Duration Municipal Income ETF Price Performance
Shares of CGSM remained flat at $26.35 during trading hours on Friday. The stock had a trading volume of 278,420 shares, compared to its average volume of 267,431. The business’s 50 day moving average is $26.34 and its two-hundred day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 1-year low of $26.01 and a 1-year high of $26.68.
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.
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