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 recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 110,141 shares, a growth of 94.5% from the June 15th total of 56,619 shares. Based on an average daily volume of 506,049 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Capital Group Municipal High-Income ETF Stock Performance

Shares of CGHM traded down $0.05 during mid-day trading on Thursday, reaching $25.73. The company had a trading volume of 283,823 shares, compared to its average volume of 423,070. The firm has a 50-day moving average price of $25.71 and a 200 day moving average price of $25.64. Capital Group Municipal High-Income ETF has a 52 week low of $24.29 and a 52 week high of $30.00.

Hedge Funds Weigh In On Capital Group Municipal High-Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in Capital Group Municipal High-Income ETF by 113.5% in the 1st quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock worth $2,080,000 after purchasing an additional 44,104 shares in the last quarter. Jane Street Group LLC raised its holdings in Capital Group Municipal High-Income ETF by 349.1% in the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock worth $2,348,000 after buying an additional 72,817 shares during the last quarter. Sei Investments Co. bought a new position in shares of Capital Group Municipal High-Income ETF in the second quarter worth approximately $927,000. Raymond James Financial Inc. lifted its stake in shares of Capital Group Municipal High-Income ETF by 31.6% in the second quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock worth $3,649,000 after buying an additional 35,545 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Capital Group Municipal High-Income ETF during the second quarter valued at approximately $34,000.

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.