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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a large growth in short interest during 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. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 1,219,687 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 1,219,687 shares, the short-interest ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are short sold.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.0%

NYSEARCA:CGMS traded down $0.01 during midday trading on Thursday, hitting $27.81. 254,793 shares of the company were exchanged, compared to its average volume of 1,085,568. 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 market capitalization of $4.21 billion, a PE ratio of 10.71 and a beta of 0.34. The company has a fifty day simple moving average of $27.73 and a 200 day simple moving average of $27.75.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a $0.1114 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, January 30th.

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

Several hedge funds have recently modified their holdings of the business. Cullen Frost Bankers Inc. lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 28.0% in the third quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock valued at $4,328,000 after buying an additional 34,091 shares during the last quarter. EQ Wealth Advisors LLC boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 8.1% in the third quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock valued at $14,513,000 after acquiring an additional 39,319 shares in the last quarter. TruWealth Advisors LLC increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% during the third quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after acquiring an additional 33,718 shares during the period. Centennial Wealth Advisory LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 53.5% during the third quarter. Centennial Wealth Advisory LLC now owns 224,265 shares of the company’s stock worth $6,223,000 after purchasing an additional 78,204 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 13.2% in the third quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock worth $8,044,000 after purchasing an additional 33,822 shares during the period.

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.