Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Significant Drop in Short Interest

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 144,663 shares, a decline of 35.6% from the December 31st total of 224,764 shares. Based on an average trading volume of 1,182,145 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 1,182,145 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at $1,048,000. Janney Montgomery Scott LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 19.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock valued at $4,030,000 after buying an additional 24,055 shares in the last quarter. Truist Financial Corp increased its stake in Capital Group U.S. Multi-Sector Income ETF by 37.0% during the 2nd quarter. Truist Financial Corp now owns 67,256 shares of the company’s stock valued at $1,831,000 after buying an additional 18,161 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 2.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 107,461 shares of the company’s stock valued at $2,968,000 after buying an additional 2,074 shares during the period. Finally, Oak Hill Wealth Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter worth about $1,406,000.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.4%

NYSEARCA:CGMS traded down $0.12 during mid-day trading on Friday, hitting $27.65. The stock had a trading volume of 922,859 shares, compared to its average volume of 1,068,803. The company has a 50 day simple moving average of $27.71 and a 200-day simple moving average of $27.73. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 52 week low of $26.08 and a 52 week high of $28.08.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a $0.1114 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Friday, January 30th.

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.