Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Short Interest Update

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 81,270 shares, a decrease of 37.3% from the August 15th total of 129,665 shares. Based on an average daily trading volume, of 429,642 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Capital Group Municipal High-Income ETF

A number of large investors have recently bought and sold shares of CGHM. Capital International Investors boosted its stake in shares of Capital Group Municipal High-Income ETF by 1.5% during the fourth quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock valued at $1,512,570,000 after purchasing an additional 883,760 shares during the period. Cetera Investment Advisers increased its stake in shares of Capital Group Municipal High-Income ETF by 17.4% in the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after buying an additional 370,741 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in Capital Group Municipal High-Income ETF by 6.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,386,911 shares of the company’s stock valued at $35,338,000 after buying an additional 84,753 shares during the last quarter. Assetmark Inc. raised its holdings in Capital Group Municipal High-Income ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after buying an additional 70,900 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Capital Group Municipal High-Income ETF by 20.2% during the 1st quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock valued at $24,640,000 after buying an additional 163,290 shares during the period.

Capital Group Municipal High-Income ETF Stock Up 0.4%

Shares of NYSEARCA:CGHM traded up $0.09 on Thursday, reaching $24.78. 938,068 shares of the company traded hands, compared to its average volume of 438,166. The business’s 50-day simple moving average is $25.39 and its 200 day simple moving average is $25.54. Capital Group Municipal High-Income ETF has a 52 week low of $24.65 and a 52 week high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.1139 per share. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.5%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.09.

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.