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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 64,413 shares, a drop of 41.5% from the June 30th total of 110,141 shares. Based on an average daily volume of 409,329 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Capital Group Municipal High-Income ETF by 835.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,643,882 shares of the company’s stock valued at $41,886,000 after acquiring an additional 1,468,177 shares during the last quarter. LPL Financial LLC grew its stake in shares of Capital Group Municipal High-Income ETF by 52.7% in the fourth quarter. LPL Financial LLC now owns 2,976,899 shares of the company’s stock worth $75,851,000 after purchasing an additional 1,027,974 shares during the last quarter. Capital International Investors grew its stake in shares of Capital Group Municipal High-Income ETF by 1.5% in the fourth quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock worth $1,512,570,000 after purchasing an additional 883,760 shares during the last quarter. Aprio Wealth Management LLC purchased a new position in Capital Group Municipal High-Income ETF during the 4th quarter valued at about $16,422,000. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Capital Group Municipal High-Income ETF during the 4th quarter valued at about $13,436,000.

Capital Group Municipal High-Income ETF Stock Down 0.5%

Shares of NYSEARCA CGHM opened at $25.38 on Friday. Capital Group Municipal High-Income ETF has a 52 week low of $24.32 and a 52 week high of $30.00. The firm’s fifty day moving average is $25.73 and its 200 day moving average is $25.65.

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.