Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Up 45.0% in September

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 134,300 shares, an increase of 45.0% from the September 15th total of 92,600 shares. Based on an average daily trading volume, of 837,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 837,000 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC lifted its position in shares of Capital Group Municipal Income ETF by 3.1% during the second quarter. DAVENPORT & Co LLC now owns 12,873 shares of the company’s stock valued at $344,000 after buying an additional 386 shares during the last quarter. Cerity Partners LLC grew its position in shares of Capital Group Municipal Income ETF by 0.7% in the 1st quarter. Cerity Partners LLC now owns 59,769 shares of the company’s stock worth $1,603,000 after buying an additional 414 shares during the last quarter. Nwam LLC raised its stake in shares of Capital Group Municipal Income ETF by 2.5% during the 2nd quarter. Nwam LLC now owns 18,147 shares of the company’s stock worth $484,000 after acquiring an additional 439 shares in the last quarter. Allworth Financial LP raised its stake in shares of Capital Group Municipal Income ETF by 1.8% during the 1st quarter. Allworth Financial LP now owns 25,327 shares of the company’s stock worth $669,000 after acquiring an additional 452 shares in the last quarter. Finally, CWM LLC lifted its position in Capital Group Municipal Income ETF by 0.7% during the second quarter. CWM LLC now owns 61,874 shares of the company’s stock valued at $1,651,000 after acquiring an additional 457 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.50 on Thursday. The business has a fifty day moving average of $27.14 and a two-hundred day moving average of $26.78. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.51.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a dividend of $0.0718 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%.

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.