Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Up 80.9% in August

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a large growth in short interest in August. As of August 15th, there was short interest totaling 194,300 shares, agrowthof80.9% from the July 31st total of 107,400 shares. Based on an average daily volume of 815,500 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 815,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Capital Group Municipal Income ETF

A number of large investors have recently added to or reduced their stakes in CGMU. Osaic Holdings Inc. raised its position in Capital Group Municipal Income ETF by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock valued at $54,300,000 after purchasing an additional 543,338 shares in the last quarter. Centaurus Financial Inc. increased its position in Capital Group Municipal Income ETF by 25.4% during the second quarter. Centaurus Financial Inc. now owns 12,500 shares of the company’s stock worth $334,000 after buying an additional 2,535 shares during the period. Tribridge Partners Financial LLC acquired a new position in Capital Group Municipal Income ETF during the second quarter worth approximately $1,119,000. Orion Porfolio Solutions LLC increased its position in Capital Group Municipal Income ETF by 1.6% during the second quarter. Orion Porfolio Solutions LLC now owns 534,359 shares of the company’s stock worth $14,262,000 after buying an additional 8,426 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Capital Group Municipal Income ETF by 119.1% during the second quarter. Geneos Wealth Management Inc. now owns 74,936 shares of the company’s stock worth $2,000,000 after buying an additional 40,734 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.97 on Monday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.54. The business has a 50 day moving average price of $26.75 and a 200 day moving average price of $26.72.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were issued a dividend of $0.0674 per share. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 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.