Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Expands By 177.1%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 141,894 shares, a growth of 177.1% from the March 31st total of 51,199 shares. Based on an average daily trading volume, of 853,196 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

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

Several hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock valued at $424,432,000 after buying an additional 3,616,255 shares during the period. Morgan Stanley raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% during the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock worth $185,035,000 after purchasing an additional 183,781 shares during the period. Wells Fargo & Company MN raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 44.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after purchasing an additional 1,658,572 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 27.2% during the third quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after purchasing an additional 1,155,945 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% during the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after purchasing an additional 863,369 shares during the period.

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

NYSEARCA:CGMS traded down $0.04 during mid-day trading on Monday, hitting $27.64. The company had a trading volume of 383,354 shares, compared to its average volume of 991,802. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.88 and a fifty-two week high of $28.08. The business’s fifty day moving average is $27.51 and its two-hundred day moving average is $27.64. The firm has a market cap of $4.68 billion, a P/E ratio of 10.71 and a beta of 0.33.

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

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.1148 dividend. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 5.0%.

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.