Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 193,896 shares, a growth of 201.0% from the July 15th total of 64,413 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 428,444 shares, the short-interest ratio is currently 0.5 days.
Capital Group Municipal High-Income ETF Stock Up 0.2%
Capital Group Municipal High-Income ETF stock traded up $0.05 during trading on Thursday, hitting $25.58. The company had a trading volume of 274,155 shares, compared to its average volume of 422,151. Capital Group Municipal High-Income ETF has a 1-year low of $24.47 and a 1-year high of $30.00. The company’s 50 day simple moving average is $25.71 and its 200-day simple moving average is $25.64.
Institutional Investors Weigh In On Capital Group Municipal High-Income ETF
A number of institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC raised its holdings in shares of Capital Group Municipal High-Income ETF by 653.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after buying an additional 1,143 shares during the period. Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the 2nd quarter valued at about $34,000. Western Wealth Management LLC acquired a new position in Capital Group Municipal High-Income ETF in the 1st quarter valued at about $36,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $48,000. Finally, Advisory Services Network LLC purchased a new stake in Capital Group Municipal High-Income ETF during the third quarter worth about $61,000.
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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