Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Up 45.0% in September

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 134,300 shares, an increase of 45.0% from the September 15th total of 92,600 shares. Based on an average daily volume of 837,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 837,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Capital Group Municipal Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. DAVENPORT & Co LLC raised its position in Capital Group Municipal Income ETF by 3.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 12,873 shares of the company’s stock valued at $344,000 after purchasing an additional 386 shares in the last quarter. Cerity Partners LLC grew its position in shares of Capital Group Municipal Income ETF by 0.7% during the 1st quarter. Cerity Partners LLC now owns 59,769 shares of the company’s stock worth $1,603,000 after buying an additional 414 shares in the last quarter. Nwam LLC increased its stake in shares of Capital Group Municipal Income ETF by 2.5% during the second quarter. Nwam LLC now owns 18,147 shares of the company’s stock valued at $484,000 after buying an additional 439 shares during the period. Allworth Financial LP raised its holdings in shares of Capital Group Municipal Income ETF by 1.8% in the first quarter. Allworth Financial LP now owns 25,327 shares of the company’s stock valued at $669,000 after acquiring an additional 452 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Capital Group Municipal Income ETF by 0.7% in the second quarter. CWM LLC now owns 61,874 shares of the company’s stock valued at $1,651,000 after acquiring an additional 457 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

CGMU stock opened at $27.50 on Thursday. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.51. The firm’s 50-day moving average is $27.14 and its 200 day moving average is $26.78.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 29th.

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.