Capital Group Municipal Income ETF (NYSEARCA:CGMU) Stock Short Interest Report for October

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 148,648 shares, a decrease of 92.9% from the September 30th total of 2,103,061 shares. Based on an average trading volume of 4,580,170 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 672.6% during the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after purchasing an additional 908 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Capital Group Municipal Income ETF by 52.3% in the third quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after purchasing an additional 970 shares during the period. Root Financial Partners LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter valued at $97,000. Capital Asset Advisory Services LLC acquired a new position in Capital Group Municipal Income ETF in the first quarter valued at $211,000. Finally, Mayflower Financial Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the first quarter worth about $216,000.

Capital Group Municipal Income ETF Trading Up 0.4%

Capital Group Municipal Income ETF stock traded up $0.10 during midday trading on Monday, reaching $26.72. 2,930,959 shares of the company were exchanged, compared to its average volume of 1,585,303. The firm’s 50-day simple moving average is $26.51 and its 200-day simple moving average is $27.04. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0773 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.93 annualized dividend and a dividend yield of 3.5%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702.

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.