Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Short Interest Update

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 129,665 shares, a drop of 33.1% from the July 30th total of 193,896 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 371,166 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group Municipal High-Income ETF Trading Up 0.0%

Shares of Capital Group Municipal High-Income ETF stock opened at $25.11 on Thursday. The business’s fifty day simple moving average is $25.59 and its 200 day simple moving average is $25.61. Capital Group Municipal High-Income ETF has a 12 month low of $24.55 and a 12 month high of $30.00.

Capital Group Municipal High-Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 31st were paid a dividend of $0.0758 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, August 31st.

Institutional Trading of Capital Group Municipal High-Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in Capital Group Municipal High-Income ETF by 653.1% in the second quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after purchasing an additional 1,143 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital Group Municipal High-Income ETF in the second quarter valued at $34,000. Western Wealth Management LLC bought a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $36,000. CIBC Private Wealth Group LLC purchased a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter valued at $48,000. Finally, Advisory Services Network LLC purchased a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter valued at $61,000.

Capital Group Municipal High-Income ETF Company Profile

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.