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 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 440,957 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 440,957 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Capital Group Municipal High-Income ETF Stock Down 0.1%

CGHM opened at $25.60 on Tuesday. Capital Group Municipal High-Income ETF has a 12 month low of $23.45 and a 12 month high of $25.73. The company has a 50 day moving average of $25.52 and a 200 day moving average of $25.14.

Capital Group Municipal High-Income ETF Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CGHM. Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the 2nd quarter valued at about $34,000. Creative Financial Designs Inc. ADV boosted 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 valued at $45,000 after acquiring an additional 1,218 shares during the period. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal High-Income ETF during the third quarter valued at approximately $48,000. Opal Wealth Advisors LLC increased its holdings in Capital Group Municipal High-Income ETF by 97.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock worth $51,000 after acquiring an additional 1,022 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Capital Group Municipal High-Income ETF in the 3rd quarter worth approximately $61,000.

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.