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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 140,737 shares, an increase of 73.2% from the August 31st total of 81,270 shares. Based on an average daily trading volume, of 611,517 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Capital Group Municipal High-Income ETF Stock Up 0.2%

Shares of CGHM stock opened at $24.12 on Friday. Capital Group Municipal High-Income ETF has a 52-week low of $23.81 and a 52-week high of $30.00. The firm’s 50 day moving average price is $25.09 and its two-hundred day moving average price is $25.44.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0884 per share. This represents a $1.06 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC increased its holdings in Capital Group Municipal High-Income ETF by 653.1% in the second quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after purchasing an additional 1,143 shares during the last quarter. Western Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF during the first quarter worth about $36,000. WNY Asset Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF during the 1st quarter worth about $207,000. Members Advisory Group LLC acquired a new position in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth about $210,000. Finally, Advisortrust Partners LLC bought a new stake in shares of Capital Group Municipal High-Income ETF in the 4th quarter valued at about $257,000.

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.