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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 129,665 shares, a decline of 33.1% from the July 30th total of 193,896 shares. Based on an average daily volume of 371,166 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Capital Group Municipal High-Income ETF Stock Down 0.5%

Shares of CGHM traded down $0.13 during trading hours on Tuesday, reaching $25.11. 735,012 shares of the company traded hands, compared to its average volume of 423,051. The stock’s fifty day moving average is $25.62 and its 200 day moving average is $25.62. Capital Group Municipal High-Income ETF has a 1-year low of $24.52 and a 1-year high of $30.00.

Institutional Trading of Capital Group Municipal High-Income ETF

A number of hedge funds have recently modified their holdings of the company. Thoroughbred Financial Services LLC lifted its position in Capital Group Municipal High-Income ETF by 73.7% in the fourth quarter. Thoroughbred Financial Services LLC now owns 60,351 shares of the company’s stock worth $1,537,000 after purchasing an additional 25,600 shares during the period. D.A. Davidson & CO. bought a new stake in Capital Group Municipal High-Income ETF in the 4th quarter valued at $581,000. Capital Analysts LLC raised its stake in shares of Capital Group Municipal High-Income ETF by 50.7% in the 4th quarter. Capital Analysts LLC now owns 108,589 shares of the company’s stock valued at $2,767,000 after buying an additional 36,524 shares in the last quarter. J. Derek Lewis & Associates Inc. lifted its holdings in shares of Capital Group Municipal High-Income ETF by 10.0% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 580,246 shares of the company’s stock worth $14,667,000 after acquiring an additional 52,924 shares during the period. Finally, BlueStem Wealth Partners LLC lifted its holdings in shares of Capital Group Municipal High-Income ETF by 589.0% during the 4th quarter. BlueStem Wealth Partners LLC now owns 75,965 shares of the company’s stock worth $1,936,000 after acquiring an additional 64,940 shares during the period.

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.