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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 64,413 shares, a decrease of 41.5% from the June 30th total of 110,141 shares. Based on an average daily volume of 409,329 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Capital Group Municipal High-Income ETF Trading Down 0.5%

Shares of CGHM traded down $0.14 during midday trading on Friday, reaching $25.38. 496,054 shares of the company were exchanged, compared to its average volume of 424,471. Capital Group Municipal High-Income ETF has a 1-year low of $24.32 and a 1-year high of $30.00. The stock has a 50-day moving average price of $25.73 and a 200-day moving average price of $25.65.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC boosted its stake in 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 last quarter. Bank of America Corp DE bought a new position in shares of Capital Group Municipal High-Income ETF in the 2nd quarter worth about $34,000. Western Wealth Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the 1st quarter valued at about $36,000. CIBC Private Wealth Group LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $48,000. Finally, Advisory Services Network LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $61,000.

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.