Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Short Interest Up 44.6% in October

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 30,800 shares, a growth of 44.6% from the September 30th total of 21,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,005,700 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,005,700 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Oak Hill Wealth Advisors LLC lifted its position in shares of 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 worth $304,000 after purchasing an additional 415 shares during the period. Harbour Investments Inc. lifted its position in shares of Capital Group Municipal High-Income ETF by 3.3% in the 2nd quarter. Harbour Investments Inc. now owns 21,953 shares of the company’s stock worth $541,000 after purchasing an additional 705 shares during the period. Betterment LLC lifted its position in shares of Capital Group Municipal High-Income ETF by 1.9% in the 1st quarter. Betterment LLC now owns 40,275 shares of the company’s stock worth $1,009,000 after purchasing an additional 748 shares during the period. AdvisorNet Financial Inc increased its stake in shares of 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 acquiring an additional 868 shares in the last quarter. Finally, Opal Wealth Advisors LLC increased its stake 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 acquiring an additional 1,022 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA CGHM opened at $25.56 on Wednesday. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.87. The company’s 50 day moving average price is $25.31 and its 200-day moving average price is $24.80.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were given a $0.1009 dividend. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

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.