Short Interest in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Decreases By 54.4%

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 195,201 shares, a decrease of 54.4% from the January 15th total of 428,020 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,004,206 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 1,004,206 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Capital Group Municipal Income ETF Stock Up 0.2%

Shares of NYSEARCA CGMU traded up $0.06 during midday trading on Thursday, hitting $27.80. 1,322,779 shares of the company’s stock were exchanged, compared to its average volume of 1,096,279. The business’s fifty day moving average price is $27.50 and its two-hundred day moving average price is $27.28. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.80.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.0675 per share. The ex-dividend date was Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.9%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its position in Capital Group Municipal Income ETF by 23.6% during the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock valued at $6,117,000 after purchasing an additional 43,538 shares in the last quarter. IFP Advisors Inc increased its position in shares of Capital Group Municipal Income ETF by 36.3% during the 2nd quarter. IFP Advisors Inc now owns 15,448 shares of the company’s stock valued at $412,000 after purchasing an additional 4,111 shares during the last quarter. CWM LLC raised its holdings in shares of Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. CWM LLC now owns 61,874 shares of the company’s stock valued at $1,651,000 after buying an additional 457 shares in the last quarter. Mutual Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 1.1% during the 2nd quarter. Mutual Advisors LLC now owns 138,278 shares of the company’s stock valued at $3,685,000 after buying an additional 1,472 shares in the last quarter. Finally, Keeler & Nadler Financial Planning & Wealth Management boosted its stake in Capital Group Municipal Income ETF by 100.8% in the second quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 75,108 shares of the company’s stock worth $2,005,000 after buying an additional 37,712 shares in the last quarter.

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.