Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Large Increase in Short Interest

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 453,297 shares, a growth of 129.0% from the April 15th total of 197,974 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,048,456 shares, the short-interest ratio is currently 0.4 days.

Capital Group Municipal Income ETF Trading Down 0.4%

CGMU traded down $0.11 on Friday, reaching $27.19. The company’s stock had a trading volume of 1,364,467 shares, compared to its average volume of 1,158,961. Capital Group Municipal Income ETF has a 1 year low of $26.44 and a 1 year high of $27.93. The business’s 50 day moving average is $27.38 and its 200 day moving average is $27.47.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0827 dividend. 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%. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $42,000. Core Wealth Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $58,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $67,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $78,000.

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.