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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHMGet 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

A number of large investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its holdings in Capital Group Municipal High-Income ETF by 2.5% in the 4th quarter. Global Retirement Partners LLC now owns 21,560 shares of the company’s stock worth $549,000 after acquiring an additional 516 shares during the period. Freedom Financial Partners LLC boosted its holdings in Capital Group Municipal High-Income ETF by 7.8% during the first quarter. Freedom Financial Partners LLC now owns 13,555 shares of the company’s stock valued at $343,000 after acquiring an additional 979 shares during the period. CoreCap Advisors LLC boosted its holdings in Capital Group Municipal High-Income ETF by 653.1% during the second quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after acquiring an additional 1,143 shares during the period. International Assets Investment Management LLC grew its position in shares of Capital Group Municipal High-Income ETF by 9.2% in the first quarter. International Assets Investment Management LLC now owns 14,900 shares of the company’s stock valued at $378,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at about $36,000.

Capital Group Municipal High-Income ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Capital Group Municipal High-Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Municipal High-Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.