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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a large increase in short interest in the month of 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. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 358,438 shares, the days-to-cover ratio is presently 0.2 days.

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

Institutional investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter valued at $7,598,000. Commonwealth Equity Services LLC increased its holdings in Capital Group Municipal High-Income ETF by 13.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 598,566 shares of the company’s stock valued at $15,138,000 after purchasing an additional 72,791 shares in the last quarter. Ascent Group LLC acquired a new stake in Capital Group Municipal High-Income ETF in the 3rd quarter valued at $653,000. Global Retirement Partners LLC purchased a new position in Capital Group Municipal High-Income ETF in the second quarter valued at about $456,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in Capital Group Municipal High-Income ETF in the third quarter valued at about $32,932,000.

Capital Group Municipal High-Income ETF Stock Up 0.4%

NYSEARCA CGHM opened at $25.32 on Wednesday. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.98. The business’s 50-day simple moving average is $25.64 and its 200-day simple moving average is $25.55.

Capital Group Municipal High-Income ETF Increases Dividend

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

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.