Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Short Interest Update

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 32,445 shares, a growth of 113.3% from the December 31st total of 15,209 shares. Based on an average daily trading volume, of 364,726 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 364,726 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA:CGHM traded down $0.05 during trading on Friday, reaching $25.55. 101,110 shares of the company traded hands, compared to its average volume of 482,578. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.73. The business’s fifty day moving average is $25.54 and its 200-day moving average is $25.23.

Capital Group Municipal High-Income ETF Cuts Dividend

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

Institutional Trading of Capital Group Municipal High-Income ETF

Several large investors have recently added to or reduced their stakes in CGHM. Comerica Bank grew its stake in Capital Group Municipal High-Income ETF by 44.8% in the fourth quarter. Comerica Bank now owns 6,066 shares of the company’s stock worth $155,000 after purchasing an additional 1,876 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Capital Group Municipal High-Income ETF by 13.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 10,599 shares of the company’s stock valued at $270,000 after purchasing an additional 1,273 shares in the last quarter. Aprio Wealth Management LLC purchased a new position in shares of Capital Group Municipal High-Income ETF during the fourth quarter valued at approximately $16,422,000. D.A. Davidson & CO. purchased a new position in shares of Capital Group Municipal High-Income ETF during the fourth quarter valued at approximately $581,000. Finally, Camelot Portfolios LLC bought a new stake in shares of Capital Group Municipal High-Income ETF in the 4th quarter worth approximately $67,000.

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.