Short Interest in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Expands By 137.3%

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 428,020 shares, an increase of 137.3% from the December 31st total of 180,379 shares. Based on an average daily trading volume, of 991,852 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 991,852 shares, the short-interest ratio is presently 0.4 days.

Capital Group Municipal Income ETF Stock Down 0.1%

CGMU stock traded down $0.04 during mid-day trading on Friday, reaching $27.58. 784,131 shares of the stock traded hands, compared to its average volume of 997,987. The business has a 50-day moving average of $27.45 and a two-hundred day moving average of $27.22. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.64.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be issued a dividend of $0.0675 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, January 30th.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors boosted its stake in Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after acquiring an additional 5,890,074 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Municipal Income ETF by 18.7% in the 3rd 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after acquiring an additional 1,620,219 shares in the last quarter. UBS Group AG boosted its holdings in Capital Group Municipal Income ETF by 12.6% during the fourth quarter. UBS Group AG now owns 4,032,770 shares of the company’s stock worth $110,417,000 after purchasing an additional 450,074 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Capital Group Municipal Income ETF by 14.7% in the 2nd quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after buying an additional 378,221 shares during 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.