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

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a large increase in short interest during 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. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 991,852 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 991,852 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds have recently modified their holdings of the stock. Barnes Pettey Financial Advisors LLC boosted its stake in Capital Group Municipal Income ETF by 133.7% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 35,936 shares of the company’s stock valued at $984,000 after buying an additional 20,560 shares in the last quarter. Simplicity Wealth LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 1.6% during the fourth quarter. Simplicity Wealth LLC now owns 70,935 shares of the company’s stock valued at $1,942,000 after acquiring an additional 1,105 shares during the period. Interchange Capital Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at $2,096,000. SK Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 9.8% in the 4th quarter. SK Wealth Management LLC now owns 54,019 shares of the company’s stock valued at $1,492,000 after purchasing an additional 4,825 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Capital Group Municipal Income ETF by 29.6% in the 4th quarter. Comerica Bank now owns 129,574 shares of the company’s stock worth $3,548,000 after purchasing an additional 29,611 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1%

CGMU stock traded down $0.04 during mid-day trading on Friday, reaching $27.58. 784,131 shares of the stock traded hands, compared to its average volume of 997,987. The business has a 50-day moving average of $27.45 and a two-hundred day moving average of $27.21. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.64.

Capital Group Municipal Income ETF Cuts Dividend

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

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.