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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 71,373 shares, a drop of 87.3% from the February 26th total of 559,840 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,056,435 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

Several institutional investors have recently bought and sold shares of the business. Bogart Wealth LLC purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at about $27,000. Arax Advisory Partners purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at approximately $31,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at approximately $53,000.

Capital Group U.S. Multi-Sector Income ETF Stock Performance

NYSEARCA:CGMS traded down $0.19 during trading hours on Thursday, reaching $27.11. The stock had a trading volume of 991,396 shares, compared to its average volume of 1,046,134. The stock has a market capitalization of $4.10 billion, a PE ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08. The company has a 50 day moving average price of $27.61 and a two-hundred day moving average price of $27.70.

Capital Group U.S. Multi-Sector 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 $0.1148 dividend. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, February 27th.

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.