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

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

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $42,000. Core Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $58,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $67,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $78,000.

Capital Group Municipal Income ETF Trading Down 0.4%

Shares of Capital Group Municipal Income ETF stock traded down $0.11 on Friday, reaching $27.19. 1,364,467 shares of the company were exchanged, compared to its average volume of 1,158,961. Capital Group Municipal Income ETF has a one year low of $26.44 and a one year high of $27.93. The company has a 50-day moving average of $27.38 and a 200 day moving average of $27.47.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.0827 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.