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

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 246,185 shares, a decrease of 61.1% from the July 30th total of 632,760 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 1,112,986 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Hedge funds have recently bought and sold shares of the company. IMPACTfolio LLC grew its holdings in shares of Capital Group Municipal Income ETF by 6.0% during the second quarter. IMPACTfolio LLC now owns 224,209 shares of the company’s stock valued at $6,159,000 after buying an additional 12,595 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in Capital Group Municipal Income ETF by 129.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 148,803 shares of the company’s stock worth $4,088,000 after acquiring an additional 83,948 shares during the last quarter. Kintra Wealth LLC boosted its stake in Capital Group Municipal Income ETF by 188.6% during the 2nd quarter. Kintra Wealth LLC now owns 194,705 shares of the company’s stock valued at $5,298,000 after purchasing an additional 127,244 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Capital Group Municipal Income ETF during the 2nd quarter valued at $799,000. Finally, Succession Financial Inc. purchased a new stake in Capital Group Municipal Income ETF during the 2nd quarter valued at $499,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock traded down $0.03 on Friday, hitting $27.04. 808,014 shares of the stock traded hands, compared to its average volume of 1,134,551. Capital Group Municipal Income ETF has a 1 year low of $26.72 and a 1 year high of $27.93. The business’s fifty day simple moving average is $27.25 and its 200 day simple moving average is $27.38.

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.