Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Down 44.2% in December

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 180,379 shares, a drop of 44.2% from the December 15th total of 323,040 shares. Based on an average daily trading volume, of 1,024,185 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,024,185 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Capital Group Municipal Income ETF

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its stake in Capital Group Municipal Income ETF by 23.6% in the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after acquiring an additional 43,538 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Capital Group Municipal Income ETF by 81.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after purchasing an additional 1,977 shares during the period. Thrive Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 75.2% during the second quarter. Thrive Wealth Management LLC now owns 66,336 shares of the company’s stock valued at $1,771,000 after purchasing an additional 28,482 shares in the last quarter. Sovran Advisors LLC boosted its stake in shares of Capital Group Municipal Income ETF by 31.1% during the second quarter. Sovran Advisors LLC now owns 44,990 shares of the company’s stock valued at $1,203,000 after purchasing an additional 10,663 shares in the last quarter. Finally, American Financial Advisors LLC increased its holdings in Capital Group Municipal Income ETF by 121.1% during the second quarter. American Financial Advisors LLC now owns 47,876 shares of the company’s stock valued at $1,278,000 after buying an additional 26,227 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU stock traded down $0.01 during mid-day trading on Friday, reaching $27.59. The company had a trading volume of 879,945 shares, compared to its average volume of 981,640. The firm has a 50 day moving average of $27.42 and a 200 day moving average of $27.16. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.61.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.0872 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date was Wednesday, December 24th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.