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 drop in short interest in August. As of August 31st, there was short interest totaling 70,300 shares, a drop of 99.7% from the August 15th total of 27,540,000 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 913,900 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 913,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Oak Hill Wealth Advisors LLC increased its stake in Capital Group Municipal High-Income ETF by 3.5% in the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 12,360 shares of the company’s stock valued at $304,000 after buying an additional 415 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Capital Group Municipal High-Income ETF by 4.6% during the 1st quarter. AdvisorNet Financial Inc now owns 10,492 shares of the company’s stock worth $263,000 after buying an additional 459 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Capital Group Municipal High-Income ETF by 3.3% in the second quarter. Harbour Investments Inc. now owns 21,953 shares of the company’s stock valued at $541,000 after acquiring an additional 705 shares during the last quarter. Betterment LLC increased its position in shares of Capital Group Municipal High-Income ETF by 1.9% in the first quarter. Betterment LLC now owns 40,275 shares of the company’s stock valued at $1,009,000 after acquiring an additional 748 shares during the last quarter. Finally, Opal Wealth Advisors LLC raised its holdings in Capital Group Municipal High-Income ETF by 97.9% during the second quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock worth $51,000 after acquiring an additional 1,022 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

NYSEARCA CGHM opened at $25.31 on Friday. Capital Group Municipal High-Income ETF has a 52 week low of $23.45 and a 52 week high of $25.98. The stock’s 50 day moving average price is $24.59 and its two-hundred day moving average price is $24.70.

Capital Group Municipal High-Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were issued a dividend of $0.0185 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 0.9%.

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.