Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Down 61.1% in August

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 246,185 shares, a decrease of 61.1% from the July 30th total of 632,760 shares. Based on an average daily trading volume, of 1,112,986 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its holdings in shares of Capital Group Municipal Income ETF by 38.2% during the 4th quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock worth $246,192,000 after buying an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Municipal Income ETF by 32.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after acquiring an additional 1,620,219 shares in the last quarter. LPL Financial LLC grew its holdings in Capital Group Municipal Income ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after purchasing an additional 1,479,528 shares during the period. Blue Chip Partners LLC increased its stake in Capital Group Municipal Income ETF by 2,093.0% in the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after purchasing an additional 1,448,696 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Capital Group Municipal Income ETF by 119.9% during the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after purchasing an additional 924,704 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU stock traded down $0.03 during midday trading on Friday, hitting $27.04. The stock had a trading volume of 1,175,606 shares, compared to its average volume of 1,136,348. The business has a fifty day moving average price of $27.24 and a two-hundred day moving average price of $27.38. Capital Group Municipal Income ETF has a 1-year low of $26.72 and a 1-year high of $27.93.

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.