Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 64,413 shares, a drop of 41.5% from the June 30th total of 110,141 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 409,329 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Capital Group Municipal High-Income ETF
Several large investors have recently bought and sold shares of CGHM. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Capital Group Municipal High-Income ETF in the second quarter valued at about $355,000. Wealthcare Advisory Partners LLC grew its holdings in shares of Capital Group Municipal High-Income ETF by 12.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 134,990 shares of the company’s stock valued at $3,490,000 after purchasing an additional 15,339 shares during the last quarter. First Heartland Consultants Inc. grew its holdings in shares of Capital Group Municipal High-Income ETF by 27.7% during the 2nd quarter. First Heartland Consultants Inc. now owns 20,705 shares of the company’s stock valued at $535,000 after purchasing an additional 4,490 shares during the last quarter. Apella Capital LLC increased its position in Capital Group Municipal High-Income ETF by 7.4% during the 2nd quarter. Apella Capital LLC now owns 54,456 shares of the company’s stock worth $1,408,000 after purchasing an additional 3,732 shares in the last quarter. Finally, Thrive Wealth Management LLC increased its position in Capital Group Municipal High-Income ETF by 21.2% during the 2nd quarter. Thrive Wealth Management LLC now owns 54,624 shares of the company’s stock worth $1,412,000 after purchasing an additional 9,553 shares in the last quarter.
Capital Group Municipal High-Income ETF Stock Down 0.1%
NYSEARCA CGHM traded down $0.03 on Thursday, hitting $25.52. 435,347 shares of the company’s stock were exchanged, compared to its average volume of 423,975. The stock has a 50-day moving average of $25.73 and a 200-day moving average of $25.65. Capital Group Municipal High-Income ETF has a 52 week low of $24.32 and a 52 week high of $30.00.
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.
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