Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Up 37.5% in March

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 819,212 shares, an increase of 37.5% from the March 15th total of 595,777 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 1,428,577 shares, the short-interest ratio is presently 0.6 days.

Capital Group Municipal Income ETF Stock Down 0.1%

NYSEARCA CGMU traded down $0.03 on Wednesday, hitting $27.39. 1,102,139 shares of the company’s stock were exchanged, compared to its average volume of 1,158,810. The stock has a 50-day moving average of $27.55 and a 200-day moving average of $27.47. Capital Group Municipal Income ETF has a 52 week low of $26.22 and a 52 week 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. Stockholders of record on Friday, February 27th were issued a dividend of $0.0827 per share. This represents a c) annualized dividend and a dividend yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CGMU. J. Derek Lewis & Associates Inc. bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth $20,504,000. Rockefeller Capital Management L.P. grew its stake in shares of Capital Group Municipal Income ETF by 125.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 263,179 shares of the company’s stock worth $7,206,000 after purchasing an additional 146,440 shares during the last quarter. Advisortrust Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth $257,000. Royal Harbor Partners LLC grew its stake in shares of Capital Group Municipal Income ETF by 4.3% in the fourth quarter. Royal Harbor Partners LLC now owns 443,171 shares of the company’s stock worth $12,134,000 after purchasing an additional 18,465 shares during the last quarter. Finally, Blue Chip Partners LLC grew its stake in shares of Capital Group Municipal Income ETF by 4.5% in the fourth quarter. Blue Chip Partners LLC now owns 1,635,685 shares of the company’s stock worth $44,785,000 after purchasing an additional 70,638 shares during the last quarter.

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.