Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Decreases By 39.4%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 48,822 shares, a decline of 39.4% from the January 29th total of 80,574 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 422,210 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 422,210 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in shares of Capital Group Municipal High-Income ETF in the second quarter worth $34,000. Creative Financial Designs Inc. ADV grew its holdings in shares of Capital Group Municipal High-Income ETF by 203.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock worth $45,000 after acquiring an additional 1,218 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF during the third quarter worth $48,000. Advisory Services Network LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the 3rd quarter valued at $61,000. Finally, Camelot Portfolios LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the fourth quarter worth about $67,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of Capital Group Municipal High-Income ETF stock opened at $25.91 on Friday. Capital Group Municipal High-Income ETF has a fifty-two week low of $23.45 and a fifty-two week high of $25.98. The business has a 50-day moving average price of $25.65 and a 200 day moving average price of $25.42.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 27th will be issued a dividend of $0.0982 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, February 27th.

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.