Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) was the target of a significant decline in short interest in 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 daily volume of 1,270,515 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
Capital Group Municipal Income ETF Trading Up 0.1%
NYSEARCA:CGMU traded up $0.02 during trading hours on Monday, reaching $27.39. 1,115,798 shares of the company’s stock were exchanged, compared to its average volume of 1,163,899. Capital Group Municipal Income ETF has a 12 month low of $26.48 and a 12 month high of $27.93. The business’s 50-day simple moving average is $27.32 and its two-hundred day simple moving average is $27.46.
Hedge Funds Weigh In On Capital Group Municipal Income ETF
A number of hedge funds have recently modified their holdings of CGMU. Smartleaf Asset Management LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $42,000. Core Wealth Advisors LLC purchased a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Municipal Income ETF during the third quarter valued at about $58,000. Ameriflex Group Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter worth about $67,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF in the fourth 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.
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