Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Stock Short Interest Rises 73.2%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 140,737 shares, an increase of 73.2% from the August 31st total of 81,270 shares. Based on an average daily trading volume, of 611,517 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA:CGHM traded up $0.04 during trading on Thursday, reaching $24.11. 1,578,967 shares of the company traded hands, compared to its average volume of 472,649. Capital Group Municipal High-Income ETF has a 52-week low of $23.81 and a 52-week high of $30.00. The business’s fifty day moving average is $25.12 and its 200-day moving average is $25.45.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.0884 per share. This represents a $1.06 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 29th. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758.

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

A number of large investors have recently added to or reduced their stakes in CGHM. Envestnet Portfolio Solutions Inc. raised its stake in shares of Capital Group Municipal High-Income ETF by 16.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 356,104 shares of the company’s stock valued at $9,205,000 after acquiring an additional 51,319 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Capital Group Municipal High-Income ETF by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock valued at $343,757,000 after purchasing an additional 1,227,406 shares during the last quarter. Capital Analysts LLC lifted its holdings in Capital Group Municipal High-Income ETF by 40.9% in the 2nd quarter. Capital Analysts LLC now owns 187,286 shares of the company’s stock worth $4,842,000 after buying an additional 54,387 shares during the period. Integrated Wealth Concepts LLC grew its position in shares of Capital Group Municipal High-Income ETF by 19.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 32,796 shares of the company’s stock worth $848,000 after buying an additional 5,358 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Capital Group Municipal High-Income ETF by 18.2% in the 2nd quarter. NewEdge Advisors LLC now owns 82,455 shares of the company’s stock worth $2,131,000 after buying an additional 12,703 shares during the last quarter.

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.