Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Large Growth in Short Interest

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 323,040 shares, an increase of 57.9% from the November 30th total of 204,648 shares. Based on an average daily volume of 813,442 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 813,442 shares, the days-to-cover ratio is currently 0.4 days.

Capital Group Municipal Income ETF Trading Up 0.0%

NYSEARCA CGMU opened at $27.37 on Wednesday. The stock has a 50-day simple moving average of $27.40 and a two-hundred day simple moving average of $27.09. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0872 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth about $42,000. Pinnacle Bancorp Inc. increased its position in shares of Capital Group Municipal Income ETF by 49.1% during the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after purchasing an additional 646 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at $58,000. Ameriflex Group Inc. acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth $67,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $102,000.

About Capital Group Municipal Income ETF

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.