Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Rises By 94.5%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 110,141 shares, an increase of 94.5% from the June 15th total of 56,619 shares. Based on an average daily volume of 506,049 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of Capital Group Municipal High-Income ETF

A number of institutional investors have recently added to or reduced their stakes in CGHM. CoreCap Advisors LLC increased its position in shares of 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 buying an additional 1,143 shares during the period. Bank of America Corp DE bought a new stake in Capital Group Municipal High-Income ETF during the 2nd quarter worth approximately $34,000. Western Wealth Management LLC purchased a new stake in Capital Group Municipal High-Income ETF in the 1st quarter worth approximately $36,000. CIBC Private Wealth Group LLC bought a new position in Capital Group Municipal High-Income ETF in the 3rd quarter valued at $48,000. Finally, Advisory Services Network LLC purchased a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter valued at $61,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM stock opened at $25.74 on Friday. The company’s fifty day simple moving average is $25.71 and its two-hundred day simple moving average is $25.65. Capital Group Municipal High-Income ETF has a 1 year low of $24.29 and a 1 year high of $30.00.

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.