Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Down 35.6% in January

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 144,663 shares, a decline of 35.6% from the December 31st total of 224,764 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,182,145 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,182,145 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CGMS. Bogart Wealth LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after buying an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth $31,000. Financial Perspectives Inc raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 59.6% in the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after acquiring an additional 692 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter valued at $53,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4%

Shares of NYSEARCA CGMS traded down $0.12 during midday trading on Friday, reaching $27.65. 922,859 shares of the company were exchanged, compared to its average volume of 1,068,803. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.08 and a 1 year high of $28.08. The stock has a fifty day simple moving average of $27.71 and a 200 day simple moving average of $27.73. The stock has a market cap of $4.13 billion, a P/E ratio of 10.71 and a beta of 0.34.

Capital Group U.S. Multi-Sector Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be paid a dividend of $0.1114 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 4.8%.

About Capital Group U.S. Multi-Sector Income ETF

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.