Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 64,413 shares, a decline of 41.5% from the June 30th total of 110,141 shares. Based on an average daily volume of 409,329 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
Hedge Funds Weigh In On Capital Group Municipal High-Income ETF
A number of hedge funds have recently added to or reduced their stakes in CGHM. CoreCap Advisors LLC lifted its position in shares of Capital Group Municipal High-Income ETF by 653.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after acquiring an additional 1,143 shares during the period. Bank of America Corp DE acquired a new position in Capital Group Municipal High-Income ETF in the second quarter valued at about $34,000. Western Wealth Management LLC bought a new stake in Capital Group Municipal High-Income ETF during the first quarter worth about $36,000. CIBC Private Wealth Group LLC bought a new stake in Capital Group Municipal High-Income ETF during the third quarter worth about $48,000. Finally, Advisory Services Network LLC acquired a new stake in Capital Group Municipal High-Income ETF during the third quarter worth about $61,000.
Capital Group Municipal High-Income ETF Stock Performance
Shares of NYSEARCA:CGHM traded down $0.03 on Thursday, reaching $25.52. 435,347 shares of the company’s stock were exchanged, compared to its average volume of 423,975. Capital Group Municipal High-Income ETF has a twelve month low of $24.32 and a twelve month high of $30.00. The company has a fifty day moving average of $25.73 and a 200-day moving average of $25.65.
About Capital Group Municipal High-Income ETF
The Capital Group Municipal High-Income ETF (CGHM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of tax-exempt current income by actively investing in lower rated, intermediate- to long-term Muni bonds. CGHM was launched on Jun 25, 2024 and is issued by Capital Group.
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