Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Increases By 25.2%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 61,710 shares, a growth of 25.2% from the February 26th total of 49,283 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 358,438 shares, the short-interest ratio is presently 0.2 days.

Capital Group Municipal High-Income ETF Stock Performance

CGHM traded up $0.06 on Tuesday, reaching $25.28. 12,108 shares of the company’s stock were exchanged, compared to its average volume of 424,554. Capital Group Municipal High-Income ETF has a twelve month low of $23.45 and a twelve month high of $25.98. The stock’s fifty day moving average price is $25.65 and its 200-day moving average price is $25.55.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0982 per share. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 4.7%. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06.

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

Institutional investors have recently added to or reduced their stakes in the stock. Freedom Financial Partners LLC grew its holdings in shares of Capital Group Municipal High-Income ETF by 4.0% in the fourth quarter. Freedom Financial Partners LLC now owns 12,576 shares of the company’s stock valued at $320,000 after purchasing an additional 488 shares during the period. Global Retirement Partners LLC raised its stake in Capital Group Municipal High-Income ETF by 2.5% during the fourth quarter. Global Retirement Partners LLC now owns 21,560 shares of the company’s stock worth $549,000 after purchasing an additional 516 shares during the period. Ausdal Financial Partners Inc. raised its stake in Capital Group Municipal High-Income ETF by 5.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 14,524 shares of the company’s stock worth $370,000 after purchasing an additional 690 shares during the period. AdvisorNet Financial Inc boosted its holdings in Capital Group Municipal High-Income ETF by 9.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 9,760 shares of the company’s stock valued at $247,000 after purchasing an additional 868 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 23.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 5,310 shares of the company’s stock valued at $135,000 after purchasing an additional 1,000 shares during the last quarter.

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.