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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 37,003 shares, a drop of 63.0% from the August 15th total of 99,916 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,469,497 shares, the days-to-cover ratio is presently 0.0 days.

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

Shares of NYSEARCA:CGMS traded up $0.01 during midday trading on Monday, hitting $26.82. The company had a trading volume of 565,084 shares, compared to its average volume of 1,039,773. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.74 and a 12-month high of $28.08. The company has a fifty day moving average of $27.14 and a two-hundred day moving average of $27.35. The company has a market cap 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 business also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a $0.1595 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Friday, July 31st.

Institutional Investors Weigh In On 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. LPL Financial LLC increased its stake in shares of 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 worth $424,432,000 after purchasing an additional 3,616,255 shares in the last quarter. Morgan Stanley grew 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 in the last quarter. Wells Fargo & Company MN grew 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 in the last quarter. Raymond James Financial Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 19.9% during the 4th quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after purchasing an additional 863,369 shares during the period. Finally, Cetera Investment Advisers raised its stake in Capital Group U.S. Multi-Sector Income ETF by 17.7% during the 1st quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock valued at $116,984,000 after purchasing an additional 646,551 shares during the period.

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.