Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Significant Growth in Short Interest

Capital Group Municipal Income ETF (NYSEARCA:CGMU) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 257,286 shares, a growth of 82.3% from the February 12th total of 141,153 shares. Based on an average trading volume of 1,021,587 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 1,021,587 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisortrust Partners LLC acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $257,000. Royal Harbor Partners LLC grew its holdings in Capital Group Municipal Income ETF by 4.3% during the 4th quarter. Royal Harbor Partners LLC now owns 443,171 shares of the company’s stock worth $12,134,000 after acquiring an additional 18,465 shares in the last quarter. Blue Chip Partners LLC grew its holdings in Capital Group Municipal Income ETF by 4.5% during the 4th quarter. Blue Chip Partners LLC now owns 1,635,685 shares of the company’s stock worth $44,785,000 after acquiring an additional 70,638 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 31.9% in the 4th quarter. Beacon Pointe Advisors LLC now owns 745,742 shares of the company’s stock valued at $20,418,000 after purchasing an additional 180,522 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 0.6% during the 4th quarter. NewEdge Advisors LLC now owns 180,042 shares of the company’s stock worth $4,930,000 after purchasing an additional 1,083 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.2%

Shares of NYSEARCA CGMU opened at $27.52 on Friday. The business’s fifty day simple moving average is $27.66 and its 200-day simple moving average is $27.44. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.0827 per share. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.6%.

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.