Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Shorted: Short Interest Down 39.6% in September

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 63,818 shares, a drop of 39.6% from the September 15th total of 105,694 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,337,671 shares, the days-to-cover ratio is presently 0.0 days.

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

Shares of NYSEARCA:CGMS traded down $0.07 during trading on Friday, reaching $26.39. 1,219,984 shares of the stock were exchanged, compared to its average volume of 1,088,787. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.09 and a 12-month high of $27.99. The firm’s 50-day moving average price is $26.81 and its 200 day moving average price is $27.19. The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.1402 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.68 dividend on an annualized basis and a yield of 6.4%. This is a boost from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CGMS. Burford Brothers Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% during the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after buying an additional 414 shares during the period. Trilogy Capital Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock valued at $1,092,000 after purchasing an additional 480 shares during the last quarter. Total Clarity Wealth Management Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 0.4% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock worth $3,022,000 after purchasing an additional 488 shares during the last quarter. Tempus Wealth Planning LLC boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 2.9% in the third quarter. Tempus Wealth Planning LLC now owns 21,319 shares of the company’s stock valued at $559,000 after acquiring an additional 591 shares during the last quarter. Finally, CAP Partners LLC lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 2.9% in the first quarter. CAP Partners LLC now owns 22,029 shares of the company’s stock valued at $600,000 after buying an additional 623 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.