Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Sees Significant Decrease in Short Interest

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 129,665 shares, a decline of 33.1% from the July 30th total of 193,896 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 371,166 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC lifted its holdings in Capital Group Municipal High-Income ETF by 653.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after purchasing an additional 1,143 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth about $34,000. Western Wealth Management LLC bought a new stake in shares of Capital Group Municipal High-Income ETF during the 1st quarter worth about $36,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $48,000. Finally, Advisory Services Network LLC acquired a new position in Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $61,000.

Capital Group Municipal High-Income ETF Stock Performance

NYSEARCA:CGHM opened at $25.08 on Wednesday. The stock’s 50 day moving average price is $25.60 and its two-hundred day moving average price is $25.62. Capital Group Municipal High-Income ETF has a 12-month low of $24.55 and a 12-month high of $30.00.

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.