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 increase in short interest during the month of September. As of September 15th, there was short interest totaling 105,694 shares, an increase of 185.6% from the August 31st total of 37,003 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,025,373 shares, the days-to-cover ratio is presently 0.1 days.

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

CGMS stock traded down $0.10 during midday trading on Monday, reaching $26.43. 564,907 shares of the company’s stock traded hands, compared to its average volume of 1,044,530. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.39 and a 52-week high of $27.99. The stock has a market cap of $5.35 billion, a P/E ratio of 10.71 and a beta of 0.29. The stock’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 Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a $0.1595 dividend. 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 an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1431.

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

Several hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. lifted its holdings in 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 worth $11,902,000 after purchasing an additional 122,612 shares in the last quarter. Vicus Capital grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 42.3% during the 1st quarter. Vicus Capital now owns 497,504 shares of the company’s stock valued at $13,547,000 after buying an additional 148,007 shares in the last quarter. Clear Trail Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at approximately $9,727,000. Seamount Financial Group Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 50.6% during the first quarter. Seamount Financial Group Inc. now owns 104,556 shares of the company’s stock valued at $2,847,000 after buying an additional 35,142 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 8.0% in the second quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock worth $31,068,000 after buying an additional 84,470 shares in the last quarter.

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.