Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Sees Significant Increase in Short Interest

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 428,444 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group Municipal High-Income ETF Trading Down 0.3%

Shares of Capital Group Municipal High-Income ETF stock traded down $0.07 during trading on Friday, reaching $25.51. The company’s stock had a trading volume of 248,384 shares, compared to its average volume of 421,030. The business’s 50-day moving average price is $25.70 and its 200-day moving average price is $25.64. Capital Group Municipal High-Income ETF has a 52 week low of $24.47 and a 52 week high of $30.00.

Institutional Trading of Capital Group Municipal High-Income ETF

Institutional investors have recently bought and sold shares of the business. Capital International Investors increased its holdings in shares of Capital Group Municipal High-Income ETF by 1.5% during the fourth quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock worth $1,512,570,000 after purchasing an additional 883,760 shares during the period. LPL Financial LLC boosted its stake in shares of Capital Group Municipal High-Income ETF by 52.7% in the fourth quarter. LPL Financial LLC now owns 2,976,899 shares of the company’s stock valued at $75,851,000 after buying an additional 1,027,974 shares during the period. Cetera Investment Advisers grew its position in Capital Group Municipal High-Income ETF by 17.4% during the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after buying an additional 370,741 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Capital Group Municipal High-Income ETF by 835.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,643,882 shares of the company’s stock worth $41,886,000 after buying an additional 1,468,177 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in Capital Group Municipal High-Income ETF by 6.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 1,386,911 shares of the company’s stock worth $35,338,000 after acquiring an additional 84,753 shares during the period.

About Capital Group Municipal High-Income ETF

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.