Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Shorted: Short Interest Up 724.4% in October

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 279,114 shares, an increase of 724.4% from the October 15th total of 33,856 shares. Based on an average daily trading volume, of 1,238,148 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.5%

CGMS stock traded down $0.12 during midday trading on Thursday, hitting $26.32. The stock had a trading volume of 713,759 shares, compared to its average volume of 1,107,855. The firm has a market cap of $5.59 billion, a P/E ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 1-year low of $26.09 and a 1-year high of $27.86. The business has a fifty day moving average price of $26.55 and a two-hundred day moving average price of $27.20.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a dividend of $0.1176 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.41 dividend on an annualized basis and a yield of 5.4%. This is a decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

Several institutional investors have recently made changes to their positions in CGMS. Trilogy Capital Inc. increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the 2nd 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. Tempus Wealth Planning LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 2.9% during the third quarter. Tempus Wealth Planning LLC now owns 21,319 shares of the company’s stock valued at $559,000 after buying an additional 591 shares during the period. Security Financial Services INC. grew its position in Capital Group U.S. Multi-Sector Income ETF by 4.0% during the third quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock valued at $494,000 after buying an additional 725 shares during the period. First Heartland Consultants Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 8.9% during the second quarter. First Heartland Consultants Inc. now owns 9,171 shares of the company’s stock worth $251,000 after buying an additional 747 shares during the last quarter. Finally, Meadowbrook Wealth Management LLC increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 5.8% during the third quarter. Meadowbrook Wealth Management LLC now owns 13,650 shares of the company’s stock worth $358,000 after buying an additional 750 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.