Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Short Interest Up 94.5% in June

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 110,141 shares, a growth of 94.5% from the June 15th total of 56,619 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 506,049 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA:CGHM traded up $0.01 during mid-day trading on Friday, reaching $25.74. The stock had a trading volume of 433,255 shares, compared to its average volume of 423,146. The firm has a 50 day simple moving average of $25.71 and a two-hundred day simple moving average of $25.65. Capital Group Municipal High-Income ETF has a twelve month low of $24.29 and a twelve month high of $30.00.

Institutional Trading of Capital Group Municipal High-Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in Capital Group Municipal High-Income ETF by 113.5% during the 1st quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock worth $2,080,000 after buying an additional 44,104 shares during the period. Jane Street Group LLC grew its stake in shares of Capital Group Municipal High-Income ETF by 349.1% in the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock valued at $2,348,000 after acquiring an additional 72,817 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Capital Group Municipal High-Income ETF in the second quarter valued at about $927,000. Raymond James Financial Inc. increased its position in Capital Group Municipal High-Income ETF by 31.6% during the second quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock worth $3,649,000 after acquiring an additional 35,545 shares during the period. Finally, Bank of America Corp DE bought a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $34,000.

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.