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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 30,800 shares, a growth of 44.6% from the September 30th total of 21,300 shares. Based on an average daily volume of 1,005,700 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,005,700 shares, the short-interest ratio is presently 0.0 days.

Capital Group Municipal High-Income ETF Stock Down 0.4%

Shares of NYSEARCA CGHM opened at $25.53 on Monday. Capital Group Municipal High-Income ETF has a 12-month low of $23.45 and a 12-month high of $25.87. The firm’s 50-day moving average is $25.27 and its two-hundred day moving average is $24.79.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 31st will be issued a $0.1009 dividend. This represents a c) annualized dividend and a dividend yield of 4.7%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Friday, October 31st.

Institutional Trading of Capital Group Municipal High-Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE purchased a new stake in shares of Capital Group Municipal High-Income ETF in the second quarter valued at about $34,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of Capital Group Municipal High-Income ETF by 203.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after purchasing an additional 1,218 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Capital Group Municipal High-Income ETF by 97.9% in the second quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock valued at $51,000 after purchasing an additional 1,022 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the second quarter valued at approximately $66,000. Finally, Farther Finance Advisors LLC purchased a new position in shares of Capital Group Municipal High-Income ETF during the third quarter valued at approximately $93,000.

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.