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 the month of April. As of April 30th, there was short interest totaling 548,065 shares, a growth of 286.2% from the April 15th total of 141,894 shares. Based on an average daily trading volume, of 839,269 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 28.0% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 155,980 shares of the company’s stock worth $4,328,000 after buying an additional 34,091 shares during the last quarter. EQ Wealth Advisors LLC grew its stake in Capital Group U.S. Multi-Sector Income ETF by 8.1% during the 3rd quarter. EQ Wealth Advisors LLC now owns 522,997 shares of the company’s stock worth $14,513,000 after buying an additional 39,319 shares during the last quarter. Blueprint Investment Partners LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth $707,000. Assetmark Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 13.2% during the 3rd quarter. Assetmark Inc. now owns 289,878 shares of the company’s stock worth $8,044,000 after buying an additional 33,822 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 43.9% during the 4th quarter. Stratos Wealth Partners LTD. now owns 176,954 shares of the company’s stock worth $4,887,000 after buying an additional 53,998 shares during the last quarter.

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

Shares of NYSEARCA CGMS traded down $0.13 during midday trading on Friday, hitting $27.35. The company’s stock had a trading volume of 879,038 shares, compared to its average volume of 990,031. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.94 and a 1-year high of $28.08. The firm’s fifty day moving average price is $27.45 and its 200-day moving average price is $27.62. The firm has a market cap of $4.67 billion, a P/E ratio of 10.71 and a beta of 0.30.

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

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