Short Interest in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Increases By 82.3%

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 257,286 shares, a growth of 82.3% from the February 12th total of 141,153 shares. Based on an average daily volume of 1,021,587 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,021,587 shares, the short-interest ratio is currently 0.3 days.

Capital Group Municipal Income ETF Trading Down 0.4%

CGMU opened at $27.46 on Friday. The stock has a 50-day moving average price of $27.66 and a 200-day moving average price of $27.43. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.0827 per share. 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 yield of 3.6%.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC purchased a new stake in Capital Group Municipal Income ETF during the third quarter valued at about $42,000. Core Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $48,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at about $58,000. Ameriflex Group Inc. purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC bought a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $78,000.

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.