Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Up 705.1% in February

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 776,116 shares, a growth of 705.1% from the January 29th total of 96,398 shares. Based on an average daily trading volume, of 1,219,687 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,219,687 shares, the days-to-cover ratio is presently 0.6 days.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.5%

Shares of NYSEARCA CGMS traded down $0.15 on Friday, reaching $27.69. 565,911 shares of the company traded hands, compared to its average volume of 1,086,658. The stock has a market capitalization of $4.19 billion, a PE ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The company has a 50 day moving average of $27.73 and a 200 day moving average of $27.75.

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

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 27th will be given a dividend of $0.1148 per share. This represents a c) annualized dividend and a yield of 5.0%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend is Friday, February 27th.

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

Several institutional investors have recently made changes to their positions in CGMS. Strategic Investment Solutions Inc. IL raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 26.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 15,087 shares of the company’s stock worth $417,000 after buying an additional 3,115 shares during the period. OakTrust Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth about $4,619,000. Forthright Family Wealth Advisory LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.8% in the 4th quarter. Forthright Family Wealth Advisory LLC now owns 113,568 shares of the company’s stock worth $3,137,000 after purchasing an additional 4,147 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 39.8% in the 4th quarter. Sunbelt Securities Inc. now owns 430,923 shares of the company’s stock valued at $11,902,000 after purchasing an additional 122,612 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $245,000.

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.