Short Interest in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Grows By 137.3%

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at about $42,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $58,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $67,000. Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 4th quarter worth approximately $78,000. Finally, Root Financial Partners LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $102,000.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of CGMU traded down $0.04 during trading hours on Friday, hitting $27.58. 784,131 shares of the stock were exchanged, compared to its average volume of 997,987. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.64. The business has a 50-day moving average of $27.45 and a 200-day moving average of $27.21.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be paid a dividend of $0.0675 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend 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.