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

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 428,020 shares, an increase of 137.3% from the December 31st total of 180,379 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 991,852 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 991,852 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Several institutional investors have recently made changes to their positions in CGMU. Capital International Investors increased its stake in shares of Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after purchasing an additional 5,890,074 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Municipal Income ETF by 32.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after purchasing an additional 1,620,219 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after purchasing an additional 1,573,897 shares in the last quarter. Blue Chip Partners LLC increased its position in Capital Group Municipal Income ETF by 2,093.0% during the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after buying an additional 1,448,696 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its holdings in Capital Group Municipal Income ETF by 111.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock valued at $52,012,000 after buying an additional 1,027,021 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of NYSEARCA:CGMU traded down $0.04 during trading on Friday, reaching $27.58. 784,131 shares of the company traded hands, compared to its average volume of 997,987. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.64. The firm has a fifty day simple moving average of $27.45 and a 200 day simple moving average of $27.21.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be paid a $0.0675 dividend. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

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.