Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Down 51.4% in May

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 220,292 shares, a decline of 51.4% from the April 30th total of 453,297 shares. Based on an average trading volume of 1,270,515 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Capital Group Municipal Income ETF Trading Down 0.1%

Capital Group Municipal Income ETF stock traded down $0.02 on Wednesday, hitting $27.39. The company’s stock had a trading volume of 887,220 shares, compared to its average volume of 1,160,071. The company has a fifty day moving average price of $27.32 and a 200-day moving average price of $27.46. Capital Group Municipal Income ETF has a one year low of $26.49 and a one year high of $27.93.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. lifted its position in Capital Group Municipal Income ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after purchasing an additional 125,592 shares during the period. Confluence Wealth Services Inc. lifted its position in Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock valued at $30,610,000 after purchasing an additional 371,573 shares during the period. RMR Wealth Builders acquired a new position in Capital Group Municipal Income ETF during the 4th quarter valued at about $9,251,000. Bank of Marin acquired a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at about $607,000. Finally, Legacy Private Trust Co. acquired a new position in Capital Group Municipal Income ETF during the 4th quarter valued at about $2,484,000.

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.