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

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 193,896 shares, an increase of 201.0% from the July 15th total of 64,413 shares. Based on an average daily volume of 428,444 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On Capital Group Municipal High-Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Aprio Wealth Management LLC purchased a new position in Capital Group Municipal High-Income ETF in the fourth quarter worth approximately $16,422,000. Prentice Wealth Management LLC raised its position in Capital Group Municipal High-Income ETF by 123.4% in the fourth quarter. Prentice Wealth Management LLC now owns 171,470 shares of the company’s stock valued at $4,369,000 after purchasing an additional 94,719 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Capital Group Municipal High-Income ETF in the 4th quarter valued at $581,000. Thoroughbred Financial Services LLC lifted its stake in shares of Capital Group Municipal High-Income ETF by 73.7% in the 4th quarter. Thoroughbred Financial Services LLC now owns 60,351 shares of the company’s stock valued at $1,537,000 after purchasing an additional 25,600 shares during the last quarter. Finally, Confluence Wealth Services Inc. grew its holdings in shares of Capital Group Municipal High-Income ETF by 10.7% during the 4th quarter. Confluence Wealth Services Inc. now owns 698,946 shares of the company’s stock worth $17,809,000 after purchasing an additional 67,555 shares during the period.

Capital Group Municipal High-Income ETF Price Performance

Shares of Capital Group Municipal High-Income ETF stock traded down $0.07 during trading hours on Friday, reaching $25.51. 248,384 shares of the company’s stock were exchanged, compared to its average volume of 421,030. Capital Group Municipal High-Income ETF has a 1 year low of $24.47 and a 1 year high of $30.00. The business has a fifty day moving average of $25.70 and a two-hundred day moving average of $25.64.

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.