Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Large Growth in Short Interest

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 224,764 shares, a growth of 168.1% from the December 15th total of 83,830 shares. Based on an average daily volume of 1,041,567 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 1,041,567 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of CGMS stock traded down $0.02 during trading hours on Thursday, hitting $27.76. The company’s stock had a trading volume of 1,546,238 shares, compared to its average volume of 1,161,386. The company has a 50 day moving average of $27.68 and a 200 day moving average of $27.71. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.08 and a 12-month high of $28.08. The stock has a market cap of $4.05 billion, a PE ratio of 10.71 and a beta of 0.34.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1662 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Wednesday, December 24th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Marshall & Sterling Wealth Advisors Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares in the last quarter. Financial Perspectives Inc increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% during the second quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after purchasing an additional 692 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth about $53,000. Olistico Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $54,000. Finally, HHM Wealth Advisors LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $59,000.

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.