Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Get Free Report) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 129,665 shares, a drop of 33.1% from the July 30th total of 193,896 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 371,166 shares, the short-interest ratio is presently 0.3 days.
Capital Group Municipal High-Income ETF Stock Down 0.5%
NYSEARCA CGHM traded down $0.13 during trading on Tuesday, reaching $25.11. 735,012 shares of the company traded hands, compared to its average volume of 423,051. The stock’s 50 day moving average price is $25.62 and its two-hundred day moving average price 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.
Hedge Funds Weigh In On Capital Group Municipal High-Income ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its position in Capital Group Municipal High-Income ETF by 113.5% in the first quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock valued at $2,080,000 after acquiring an additional 44,104 shares during the period. Jane Street Group LLC raised its stake in Capital Group Municipal High-Income ETF by 349.1% during the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock worth $2,348,000 after acquiring an additional 72,817 shares in the last quarter. Sei Investments Co. bought a new position in shares of Capital Group Municipal High-Income ETF during the second quarter valued at $927,000. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Municipal High-Income ETF by 31.6% during the second quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock valued at $3,649,000 after acquiring an additional 35,545 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at $34,000.
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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