Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Update

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 323,040 shares, a growth of 57.9% from the November 30th total of 204,648 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 813,442 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 813,442 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its position in shares of Capital Group Municipal Income ETF by 1.1% during the 1st quarter. Comerica Bank now owns 71,263 shares of the company’s stock valued at $1,911,000 after acquiring an additional 792 shares during the last quarter. Baird Financial Group Inc. raised its stake in Capital Group Municipal Income ETF by 73.2% in the first quarter. Baird Financial Group Inc. now owns 189,474 shares of the company’s stock valued at $5,082,000 after purchasing an additional 80,072 shares in the last quarter. Betterment LLC lifted its position in Capital Group Municipal Income ETF by 2.0% during the first quarter. Betterment LLC now owns 114,470 shares of the company’s stock valued at $3,070,000 after purchasing an additional 2,205 shares during the last quarter. Royal Bank of Canada grew its stake in Capital Group Municipal Income ETF by 10.8% in the 1st quarter. Royal Bank of Canada now owns 620,848 shares of the company’s stock worth $16,652,000 after buying an additional 60,437 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Capital Group Municipal Income ETF by 31.1% in the 1st quarter. NewEdge Advisors LLC now owns 60,064 shares of the company’s stock worth $1,611,000 after buying an additional 14,262 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.34 on Monday. The firm has a fifty day moving average price of $27.40 and a two-hundred day moving average price of $27.08. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.0872 per share. This is a positive change 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 of this dividend was Wednesday, December 24th.

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.