Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Declines By 27.9%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 559,840 shares, a drop of 27.9% from the February 12th total of 776,116 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,010,312 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 1,010,312 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

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

CGMS stock traded down $0.07 during mid-day trading on Friday, reaching $27.21. 912,131 shares of the stock traded hands, compared to its average volume of 1,086,299. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The stock has a market capitalization of $4.12 billion, a PE ratio of 10.71 and a beta of 0.34. The business has a 50-day moving average price of $27.69 and a two-hundred day moving average price of $27.73.

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

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a dividend of $0.1148 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

Institutional Trading of 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. Focus Partners Wealth bought a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter worth about $1,048,000. Bank of Montreal Can grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 18.5% during the second quarter. Bank of Montreal Can now owns 9,300 shares of the company’s stock valued at $257,000 after buying an additional 1,450 shares during the last quarter. Security Financial Services INC. purchased a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the second quarter worth approximately $206,000. Cetera Investment Advisers lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,690,563 shares of the company’s stock worth $74,313,000 after acquiring an additional 429,051 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 41.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 79,125 shares of the company’s stock worth $2,185,000 after acquiring an additional 23,247 shares during the last quarter.

About Capital Group U.S. Multi-Sector Income ETF

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.