Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Get Free Report) was the recipient of a significant 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 daily trading volume, of 429,642 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are short sold.
Capital Group Municipal High-Income ETF Price Performance
CGHM traded up $0.01 during midday trading on Wednesday, hitting $24.71. 100,550 shares of the company’s stock traded hands, compared to its average volume of 430,348. The stock’s fifty day simple moving average is $25.41 and its 200-day simple moving average is $25.55. Capital Group Municipal High-Income ETF has a one year low of $24.65 and a one year high of $30.00.
Capital Group Municipal High-Income ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a dividend of $0.1139 per share. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.09. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.5%.
Institutional Investors Weigh In On Capital Group Municipal High-Income ETF
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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