Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Update

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 323,040 shares, a growth of 57.9% from the November 30th total of 204,648 shares. Based on an average daily volume of 813,442 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 813,442 shares, the short-interest ratio is currently 0.4 days.

Capital Group Municipal Income ETF Trading Down 0.0%

NYSEARCA:CGMU opened at $27.34 on Monday. The company has a fifty day moving average of $27.40 and a 200 day moving average of $27.08. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a dividend of $0.0872 per share. This represents a c) annualized dividend and a dividend yield of 3.8%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC bought a new position in Capital Group Municipal Income ETF in the third quarter worth $42,000. Pinnacle Bancorp Inc. grew its position in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after buying an additional 646 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth about $58,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth about $67,000. Finally, Root Financial Partners LLC purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at about $102,000.

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.