Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Short Interest Up 94.5% in June

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 110,141 shares, an increase of 94.5% from the June 15th total of 56,619 shares. Based on an average trading volume of 506,049 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Capital Group Municipal High-Income ETF

Hedge funds have recently bought and sold shares of the business. Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Municipal High-Income ETF by 10.7% during the fourth quarter. Confluence Wealth Services Inc. now owns 698,946 shares of the company’s stock worth $17,809,000 after buying an additional 67,555 shares in the last quarter. D.A. Davidson & CO. acquired a new position in shares of Capital Group Municipal High-Income ETF in the 4th quarter worth approximately $581,000. Aprio Wealth Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the 4th quarter worth approximately $16,422,000. Prentice Wealth Management LLC grew its position in Capital Group Municipal High-Income ETF by 123.4% during the 4th quarter. Prentice Wealth Management LLC now owns 171,470 shares of the company’s stock worth $4,369,000 after acquiring an additional 94,719 shares during the last quarter. Finally, NewCorp Financial Services Inc. bought a new stake in Capital Group Municipal High-Income ETF during the 4th quarter worth approximately $1,172,000.

Capital Group Municipal High-Income ETF Stock Down 0.2%

Shares of CGHM traded down $0.05 during mid-day trading on Thursday, hitting $25.73. 283,823 shares of the stock were exchanged, compared to its average volume of 423,070. Capital Group Municipal High-Income ETF has a 52-week low of $24.29 and a 52-week high of $30.00. The firm has a 50-day moving average of $25.71 and a two-hundred day moving average of $25.64.

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.