Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Update

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 105,694 shares, a growth of 185.6% from the August 31st total of 37,003 shares. Based on an average daily volume of 1,025,373 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $53,000. CX Institutional purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at about $68,000. IFP Advisors Inc lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 14.8% during the 4th quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock worth $119,000 after buying an additional 555 shares in the last quarter. Allied Private Wealth LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter worth approximately $124,000. Finally, Simplicity Wealth LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $245,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1%

Capital Group U.S. Multi-Sector Income ETF stock traded down $0.02 during trading on Friday, hitting $26.54. 968,086 shares of the company were exchanged, compared to its average volume of 1,047,215. The business’s 50 day moving average is $27.04 and its 200 day moving average is $27.29. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.49 and a 52 week high of $27.99. The company has a market capitalization of $5.37 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.1595 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.91 dividend on an annualized basis and a yield of 7.2%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1431.

Capital Group U.S. Multi-Sector Income ETF Company Profile

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.