Capital Group Municipal Income ETF (NYSEARCA:CGMU) Stock Short Interest Report for October

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 148,648 shares, a decline of 92.9% from the September 30th total of 2,103,061 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,580,170 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Capital Group Municipal Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Capital Group Municipal Income ETF by 6.7% in the second quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after buying an additional 859,323 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after buying an additional 720,377 shares in the last quarter. Bank of America Corp DE boosted its stake in Capital Group Municipal Income ETF by 119.9% during the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after purchasing an additional 924,704 shares during the last quarter. Blue Chip Partners LLC increased its position in Capital Group Municipal Income ETF by 1.1% during the first quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after purchasing an additional 17,316 shares during the last quarter. Finally, Royal Bank of Canada raised its position in Capital Group Municipal Income ETF by 17.3% in the first quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock valued at $36,721,000 after purchasing an additional 199,108 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.0%

Shares of Capital Group Municipal Income ETF stock opened at $26.73 on Tuesday. Capital Group Municipal Income ETF has a 52-week low of $25.73 and a 52-week high of $27.93. The company has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $27.20.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0773 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. This represents a $0.93 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 29th.

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.