Capital Group U.S. Small and Mid Cap ETF (NYSEARCA:CGMM – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 154,651 shares, a decrease of 50.7% from the August 31st total of 313,792 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 746,390 shares, the days-to-cover ratio is currently 0.2 days.
Capital Group U.S. Small and Mid Cap ETF Price Performance
Capital Group U.S. Small and Mid Cap ETF stock traded up $0.10 during mid-day trading on Tuesday, hitting $31.21. 963,269 shares of the company were exchanged, compared to its average volume of 990,583. Capital Group U.S. Small and Mid Cap ETF has a 12-month low of $26.80 and a 12-month high of $33.84. The company has a market capitalization of $3.39 billion, a P/E ratio of 21.71 and a beta of 0.83. The business’s 50 day simple moving average is $32.42 and its two-hundred day simple moving average is $31.67.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in Capital Group U.S. Small and Mid Cap ETF by 14.9% during the second quarter. Envestnet Asset Management Inc. now owns 10,481,145 shares of the company’s stock worth $345,563,000 after acquiring an additional 1,361,364 shares during the last quarter. Cetera Investment Advisers raised its holdings in Capital Group U.S. Small and Mid Cap ETF by 30.0% in the 1st quarter. Cetera Investment Advisers now owns 1,520,291 shares of the company’s stock valued at $44,636,000 after acquiring an additional 350,828 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 30.2% during the 1st quarter. Sei Investments Co. now owns 977,455 shares of the company’s stock worth $28,698,000 after purchasing an additional 226,974 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Capital Group U.S. Small and Mid Cap ETF by 9,617.8% during the 2nd quarter. Wedbush Securities Inc. now owns 709,887 shares of the company’s stock worth $28,265,000 after purchasing an additional 702,582 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Capital Group U.S. Small and Mid Cap ETF by 10.9% during the second quarter. NewEdge Advisors LLC now owns 824,209 shares of the company’s stock worth $27,174,000 after purchasing an additional 80,691 shares during the last quarter.
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.
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