Short Interest in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Grows By 165.6%

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 653,893 shares, an increase of 165.6% from the August 15th total of 246,185 shares. Based on an average trading volume of 1,260,350 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Capital Group Municipal Income ETF

Several large investors have recently bought and sold shares of CGMU. Florida Financial Advisors LLC boosted its holdings in Capital Group Municipal Income ETF by 4.0% in the fourth quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock valued at $346,000 after acquiring an additional 485 shares during the last quarter. Frazier Financial Advisors LLC lifted its stake in shares of Capital Group Municipal Income ETF by 3.9% in the 1st quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock valued at $440,000 after purchasing an additional 614 shares in the last quarter. Trinity Wealth Management LLC lifted its stake in shares of Capital Group Municipal Income ETF by 0.5% in the 2nd quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock valued at $3,933,000 after purchasing an additional 721 shares in the last quarter. Financial Council LLC grew its holdings in shares of Capital Group Municipal Income ETF by 0.9% during the 1st quarter. Financial Council LLC now owns 84,591 shares of the company’s stock worth $2,297,000 after purchasing an additional 785 shares during the period. Finally, Nwam LLC grew its holdings in shares of Capital Group Municipal Income ETF by 5.3% during the 2nd quarter. Nwam LLC now owns 17,328 shares of the company’s stock worth $476,000 after purchasing an additional 869 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU traded down $0.04 during trading on Tuesday, hitting $26.50. 183,431 shares of the stock were exchanged, compared to its average volume of 1,186,439. The company has a fifty day moving average price of $27.08 and a two-hundred day moving average price of $27.29. Capital Group Municipal Income ETF has a 12-month low of $26.48 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.0878 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, July 31st.

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.