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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 15,209 shares, a drop of 70.5% from the December 15th total of 51,622 shares. Based on an average trading volume of 440,957 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 440,957 shares, the short-interest ratio is currently 0.0 days.

Capital Group Municipal High-Income ETF Price Performance

NYSEARCA CGHM traded up $0.01 on Thursday, reaching $25.65. The company had a trading volume of 369,838 shares, compared to its average volume of 364,684. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.73. The company’s fifty day moving average is $25.53 and its 200-day moving average is $25.15.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.113 per share. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On Capital Group Municipal High-Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Capital Group Municipal High-Income ETF during the 2nd quarter worth approximately $34,000. Creative Financial Designs Inc. ADV lifted its position in shares of Capital Group Municipal High-Income ETF by 203.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock worth $45,000 after purchasing an additional 1,218 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF during the third quarter worth $48,000. Opal Wealth Advisors LLC boosted 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 purchasing an additional 1,022 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Capital Group Municipal High-Income ETF in the third quarter valued at $61,000.

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.