Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Shorted: Short Interest Down 39.6% in September

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 63,818 shares, a decrease of 39.6% from the September 15th total of 105,694 shares. Based on an average daily volume of 1,337,671 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vicus Capital increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 42.3% in the first quarter. Vicus Capital now owns 497,504 shares of the company’s stock valued at $13,547,000 after purchasing an additional 148,007 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 39.8% during the fourth 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 during the period. Seamount Financial Group Inc. lifted its holdings 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 worth $2,847,000 after purchasing an additional 35,142 shares during the period. Capital Advantage Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% during the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after purchasing an additional 1,292,902 shares during the period. Finally, Clear Trail Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $9,727,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.3%

Shares of NYSEARCA CGMS traded down $0.07 during midday trading on Friday, reaching $26.38. The company had a trading volume of 1,245,400 shares, compared to its average volume of 1,089,280. The business’s 50-day simple moving average is $26.79 and its 200 day simple moving average is $27.19. The stock has a market cap of $5.48 billion, a P/E ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.09 and a 1 year high of $27.99.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.1402 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.4%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. The ex-dividend date of this dividend was Tuesday, September 29th.

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.