Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Drops By 63.0%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 37,003 shares, a decline of 63.0% from the August 15th total of 99,916 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,469,497 shares, the short-interest ratio is currently 0.0 days.

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

NYSEARCA CGMS remained flat at $26.81 on Friday. The company’s stock had a trading volume of 994,825 shares, compared to its average volume of 1,042,734. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.80 and a 52-week high of $28.08. The firm’s 50-day moving average is $27.14 and its 200-day moving average is $27.35. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29.

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

The company also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.1595 per share. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arax Advisory Partners purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth $27,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at about $53,000. CX Institutional acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at about $68,000. Advisory Services Network LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the third quarter valued at about $102,000. Finally, IFP Advisors Inc increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 14.8% during the fourth quarter. IFP Advisors Inc now owns 4,306 shares of the company’s stock worth $119,000 after acquiring an additional 555 shares during the last quarter.

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.