Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Up 165.6% in August

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

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $26.56 on Friday. Capital Group Municipal Income ETF has a 12-month low of $26.48 and a 12-month high of $27.93. The company’s 50 day moving average price is $27.10 and its two-hundred day moving average price is $27.31.

Capital Group Municipal Income ETF Increases Dividend

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

Institutional Trading of Capital Group Municipal Income ETF

A number of institutional investors have recently modified their holdings of CGMU. CoreCap Advisors LLC raised its stake in Capital Group Municipal Income ETF by 672.6% in the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after purchasing an additional 908 shares in the last quarter. Core Wealth Advisors LLC bought a new position in Capital Group Municipal Income ETF in the 4th quarter valued at about $48,000. CIBC Private Wealth Group LLC bought a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $58,000. Advisory Services Network LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $129,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $166,000.

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.