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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 81,270 shares, a decrease of 37.3% from the August 15th total of 129,665 shares. Based on an average trading volume of 429,642 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Capital Group Municipal High-Income ETF

A number of hedge funds have recently bought and sold shares of the company. Capital International Investors raised its stake in Capital Group Municipal High-Income ETF by 1.5% during the fourth quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock valued at $1,512,570,000 after buying an additional 883,760 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Capital Group Municipal High-Income ETF by 17.4% in the 1st quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock valued at $63,295,000 after acquiring an additional 370,741 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 6.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,386,911 shares of the company’s stock valued at $35,338,000 after acquiring an additional 84,753 shares in the last quarter. Assetmark Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after acquiring an additional 70,900 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Capital Group Municipal High-Income ETF by 20.2% during the 1st quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock valued at $24,640,000 after acquiring an additional 163,290 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

CGHM stock traded down $0.10 during mid-day trading on Friday, hitting $24.68. 62,582 shares of the company were exchanged, compared to its average volume of 435,833. The firm has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $25.54. Capital Group Municipal High-Income ETF has a twelve month low of $24.65 and a twelve month high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.1139 per share. The ex-dividend date of this dividend was Friday, July 31st. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 5.5%.

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.