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

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 246,185 shares, a drop of 61.1% from the July 30th total of 632,760 shares. Based on an average trading volume of 1,112,986 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Several institutional investors have recently added to or reduced their stakes in CGMU. CoreCap Advisors LLC increased its position in shares of 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 acquiring an additional 908 shares during the period. Core Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $48,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at about $58,000. Advisory Services Network LLC purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at about $129,000. Finally, Quadrant Capital Group LLC bought a new position in Capital Group Municipal Income ETF during the 4th quarter valued at approximately $166,000.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock traded down $0.03 during trading hours on Friday, reaching $27.04. The company had a trading volume of 808,014 shares, compared to its average volume of 1,134,551. Capital Group Municipal Income ETF has a 12-month low of $26.72 and a 12-month high of $27.93. The company has a 50-day moving average price of $27.25 and a 200 day moving average price of $27.38.

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.