Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Rises By 25.2%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 61,710 shares, an increase of 25.2% from the February 26th total of 49,283 shares. Based on an average daily trading volume, of 358,438 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Capital Group Municipal High-Income ETF Stock Down 0.1%

CGHM stock traded down $0.03 during trading hours on Monday, hitting $25.23. 351,811 shares of the stock were exchanged, compared to its average volume of 430,588. Capital Group Municipal High-Income ETF has a 12 month low of $23.45 and a 12 month high of $25.98. The company has a 50-day simple moving average of $25.66 and a two-hundred day simple moving average of $25.56.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0982 per share. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Trading of Capital Group Municipal High-Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CGHM. Bank of America Corp DE acquired a new position in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at approximately $34,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth approximately $48,000. Advisory Services Network LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth approximately $61,000. Camelot Portfolios LLC bought a new position in Capital Group Municipal High-Income ETF in the fourth quarter valued at approximately $67,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Capital Group Municipal High-Income ETF during the fourth quarter valued at approximately $68,000.

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.