Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Sees Large Decrease in Short Interest

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 81,270 shares, a decline of 37.3% from the August 15th total of 129,665 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 429,642 shares, the short-interest ratio is currently 0.2 days.

Capital Group Municipal High-Income ETF Trading Up 0.1%

NYSEARCA CGHM traded up $0.01 during trading on Wednesday, reaching $24.71. 100,550 shares of the company’s stock were exchanged, compared to its average volume of 430,348. Capital Group Municipal High-Income ETF has a fifty-two week low of $24.65 and a fifty-two week high of $30.00. The company’s fifty day simple moving average is $25.41 and its 200-day simple moving average is $25.55.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.1139 per share. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in shares of Capital Group Municipal High-Income ETF by 1.5% during the 4th quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock valued at $1,512,570,000 after acquiring an additional 883,760 shares in the last quarter. Cetera Investment Advisers boosted its position in Capital Group Municipal High-Income ETF by 17.4% during the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock valued at $63,295,000 after purchasing an additional 370,741 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Capital Group Municipal High-Income ETF by 6.5% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,386,911 shares of the company’s stock valued at $35,338,000 after purchasing an additional 84,753 shares in the last quarter. Assetmark Inc. increased its position in Capital Group Municipal High-Income ETF by 6.3% in the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock worth $30,373,000 after purchasing an additional 70,900 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Capital Group Municipal High-Income ETF by 20.2% in the 1st quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock worth $24,640,000 after purchasing an additional 163,290 shares during the last quarter.

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.