Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Grows By 201.0%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 193,896 shares, a growth of 201.0% from the July 15th total of 64,413 shares. Based on an average trading volume of 428,444 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

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

Institutional investors have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Capital Group Municipal High-Income ETF during the second quarter worth $355,000. Wealthcare Advisory Partners LLC raised its stake in Capital Group Municipal High-Income ETF by 12.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 134,990 shares of the company’s stock valued at $3,490,000 after buying an additional 15,339 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in Capital Group Municipal High-Income ETF by 27.7% during the 2nd quarter. First Heartland Consultants Inc. now owns 20,705 shares of the company’s stock worth $535,000 after buying an additional 4,490 shares during the last quarter. Apella Capital LLC lifted its holdings in Capital Group Municipal High-Income ETF by 7.4% during the 2nd quarter. Apella Capital LLC now owns 54,456 shares of the company’s stock worth $1,408,000 after buying an additional 3,732 shares during the last quarter. Finally, Thrive Wealth Management LLC lifted its holdings in Capital Group Municipal High-Income ETF by 21.2% during the 2nd quarter. Thrive Wealth Management LLC now owns 54,624 shares of the company’s stock worth $1,412,000 after buying an additional 9,553 shares during the last quarter.

Capital Group Municipal High-Income ETF Trading Up 0.2%

NYSEARCA CGHM traded up $0.05 on Thursday, hitting $25.58. 274,155 shares of the stock were exchanged, compared to its average volume of 422,151. Capital Group Municipal High-Income ETF has a fifty-two week low of $24.47 and a fifty-two week high of $30.00. The company has a 50-day moving average price of $25.71 and a 200-day moving average price of $25.64.

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.