Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Up 129.0% in April

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 453,297 shares, a growth of 129.0% from the April 15th total of 197,974 shares. Based on an average daily volume of 1,048,456 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of Capital Group Municipal Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Family Manage LLC increased its stake in shares of Capital Group Municipal Income ETF by 112.3% in the first quarter. Family Manage LLC now owns 58,018 shares of the company’s stock worth $1,575,000 after acquiring an additional 30,696 shares during the period. Gateway Wealth Partners LLC increased its stake in shares of Capital Group Municipal Income ETF by 285.5% in the first quarter. Gateway Wealth Partners LLC now owns 150,736 shares of the company’s stock worth $4,092,000 after acquiring an additional 111,637 shares during the period. Blue Chip Partners LLC increased its stake in shares of Capital Group Municipal Income ETF by 1.1% in the first quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after acquiring an additional 17,316 shares during the period. Waverly Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the first quarter worth $226,000. Finally, CLG LLC increased its stake in shares of Capital Group Municipal Income ETF by 27.3% in the first quarter. CLG LLC now owns 16,534 shares of the company’s stock worth $449,000 after acquiring an additional 3,546 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.4%

Capital Group Municipal Income ETF stock traded down $0.11 during mid-day trading on Friday, reaching $27.19. 1,364,467 shares of the company traded hands, compared to its average volume of 1,158,961. Capital Group Municipal Income ETF has a fifty-two week low of $26.44 and a fifty-two week high of $27.93. The firm’s fifty day moving average is $27.38 and its two-hundred day moving average is $27.47.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0827 dividend. The ex-dividend date was Friday, February 27th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

Capital Group Municipal Income ETF Company Profile

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.