Short Interest in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Drops By 51.4%

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 220,292 shares, a drop of 51.4% from the April 30th total of 453,297 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,270,515 shares, the short-interest ratio is presently 0.2 days.

Capital Group Municipal Income ETF Stock Up 0.1%

NYSEARCA:CGMU traded up $0.02 during trading hours on Monday, hitting $27.39. 1,115,798 shares of the company’s stock traded hands, compared to its average volume of 1,163,899. The stock’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $27.46. Capital Group Municipal Income ETF has a twelve month low of $26.48 and a twelve month high of $27.93.

Institutional Trading of Capital Group Municipal Income ETF

A number of institutional investors have recently bought and sold shares of CGMU. Capital International Investors increased its position in Capital Group Municipal Income ETF by 14.8% in the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after purchasing an additional 5,890,074 shares during the last quarter. Morgan Stanley raised its position in Capital Group Municipal Income ETF by 38.2% during the fourth quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock valued at $246,192,000 after acquiring an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Capital Group Municipal Income ETF by 32.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after acquiring an additional 1,620,219 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after acquiring an additional 1,573,897 shares during the last quarter. Finally, LPL Financial LLC grew its position in Capital Group Municipal Income ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after acquiring an additional 1,479,528 shares in the last quarter.

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.