Capital Group Municipal Income ETF (NYSEARCA:CGMU) Short Interest Update
by Jessica Moore · The Cerbat GemCapital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 197,974 shares, a decline of 75.8% from the March 31st total of 819,212 shares. Based on an average daily volume of 1,202,118 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Capital Group Municipal Income ETF
A number of institutional investors have recently bought and sold shares of CGMU. Smartleaf Asset Management LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter worth about $42,000. Core Wealth Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at about $58,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at about $78,000.
Capital Group Municipal Income ETF Price Performance
CGMU stock remained flat at $27.47 during trading on Friday. 644,340 shares of the company’s stock were exchanged, compared to its average volume of 1,146,740. The stock has a 50-day simple moving average of $27.50 and a 200 day simple moving average of $27.48. Capital Group Municipal Income ETF has a one year low of $26.44 and a one year high of $27.93.
Capital Group Municipal Income ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a 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 of this dividend was Friday, February 27th.
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.