Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Drops By 70.5%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 15,209 shares, a drop of 70.5% from the December 15th total of 51,622 shares. Based on an average daily trading volume, of 440,957 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 440,957 shares, the days-to-cover ratio is presently 0.0 days.

Capital Group Municipal High-Income ETF Stock Performance

CGHM stock traded up $0.03 during trading on Wednesday, hitting $25.64. The company had a trading volume of 313,138 shares, compared to its average volume of 364,115. The firm has a 50-day moving average price of $25.53 and a 200-day moving average price of $25.15. Capital Group Municipal High-Income ETF has a 12 month low of $23.45 and a 12 month high of $25.73.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.113 dividend. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date was Wednesday, December 24th.

Institutional Trading of Capital Group Municipal High-Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CGHM. Bank of America Corp DE acquired a new position in Capital Group Municipal High-Income ETF in the second quarter valued at about $34,000. Creative Financial Designs Inc. ADV raised its position in shares of Capital Group Municipal High-Income ETF by 203.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock worth $45,000 after purchasing an additional 1,218 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter valued at about $48,000. Opal Wealth Advisors LLC grew its position in shares of Capital Group Municipal High-Income ETF by 97.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock valued at $51,000 after purchasing an additional 1,022 shares during the period. Finally, Advisory Services Network LLC bought a new stake in Capital Group Municipal High-Income ETF during the 3rd quarter worth approximately $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.