Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Update
by Scott Moore · The Cerbat GemCapital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 195,201 shares, a decrease of 54.4% from the January 15th total of 428,020 shares. Based on an average daily trading volume, of 1,004,206 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,004,206 shares, the days-to-cover ratio is currently 0.2 days.
Capital Group Municipal Income ETF Trading Up 0.1%
CGMU stock traded up $0.02 during trading on Friday, hitting $27.82. 933,119 shares of the company traded hands, compared to its average volume of 1,090,837. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.84. The company has a 50-day moving average of $27.51 and a 200-day moving average of $27.30.
Capital Group Municipal Income ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a $0.0675 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, January 30th.
Institutional Trading of Capital Group Municipal Income ETF
Hedge funds have recently bought and sold shares of the stock. Capital International Investors raised its stake in Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after acquiring an additional 5,890,074 shares in the last quarter. Morgan Stanley grew its holdings in Capital Group Municipal Income ETF by 38.2% in the fourth quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock valued at $246,192,000 after purchasing an additional 2,484,296 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after purchasing an additional 1,620,219 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after buying an additional 1,573,897 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Capital Group Municipal Income ETF by 28.0% during the 4th quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock valued at $184,996,000 after buying an additional 1,479,528 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.