Short Interest in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Rises By 221.2%

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 198,234 shares, an increase of 221.2% from the March 15th total of 61,710 shares. Based on an average daily trading volume, of 420,639 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Capital Group Municipal High-Income ETF Stock Down 0.1%

Shares of Capital Group Municipal High-Income ETF stock traded down $0.02 during trading hours on Friday, reaching $25.57. The company’s stock had a trading volume of 266,729 shares, compared to its average volume of 426,171. The stock’s fifty day simple moving average is $25.62 and its two-hundred day simple moving average is $25.56. Capital Group Municipal High-Income ETF has a one year low of $23.78 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, March 2nd. Investors of record on Friday, February 27th were given a $0.0982 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06.

Institutional Trading of Capital Group Municipal High-Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in shares of 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 purchasing an additional 44,104 shares in the last quarter. Jane Street Group LLC raised its position in Capital Group Municipal High-Income ETF by 349.1% in the 1st quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock valued at $2,348,000 after buying an additional 72,817 shares during the last quarter. Sei Investments Co. purchased a new stake in Capital Group Municipal High-Income ETF in the 2nd quarter valued at $927,000. Raymond James Financial Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 31.6% during the 2nd quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock worth $3,649,000 after acquiring an additional 35,545 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the 2nd quarter worth $34,000.

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.