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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 32,445 shares, an increase of 113.3% from the December 31st total of 15,209 shares. Based on an average trading volume of 364,726 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 364,726 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Capital Group Municipal High-Income ETF

Hedge funds have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new stake in Capital Group Municipal High-Income ETF in the 3rd quarter worth approximately $7,598,000. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Municipal High-Income ETF by 13.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 598,566 shares of the company’s stock worth $15,138,000 after purchasing an additional 72,791 shares in the last quarter. Advyzon Investment Management LLC bought a new position in Capital Group Municipal High-Income ETF during the second quarter valued at approximately $548,000. World Investment Advisors bought a new position in shares of Capital Group Municipal High-Income ETF during the 2nd quarter valued at $268,000. Finally, Ascent Group LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter valued at $653,000.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA CGHM traded down $0.05 during trading on Friday, hitting $25.55. The stock had a trading volume of 101,110 shares, compared to its average volume of 482,578. Capital Group Municipal High-Income ETF has a 12 month low of $23.45 and a 12 month high of $25.73. The firm has a fifty day moving average of $25.54 and a two-hundred day moving average of $25.23.

Capital Group Municipal High-Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a dividend of $0.0635 per share. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, January 30th.

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.