Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Update

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 105,694 shares, a growth of 185.6% from the August 31st total of 37,003 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,025,373 shares, the short-interest ratio is presently 0.1 days.

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

A number of large investors have recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 39.8% during the 4th quarter. Sunbelt Securities Inc. now owns 430,923 shares of the company’s stock valued at $11,902,000 after buying an additional 122,612 shares during the last quarter. Vicus Capital grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 42.3% during the 1st quarter. Vicus Capital now owns 497,504 shares of the company’s stock worth $13,547,000 after acquiring an additional 148,007 shares during the period. Clear Trail Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the 1st quarter worth about $9,727,000. Seamount Financial Group Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 50.6% in the 1st quarter. Seamount Financial Group Inc. now owns 104,556 shares of the company’s stock worth $2,847,000 after acquiring an additional 35,142 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 8.0% in the 2nd quarter. Baird Financial Group Inc. now owns 1,136,768 shares of the company’s stock valued at $31,068,000 after acquiring an additional 84,470 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1%

Shares of CGMS stock traded down $0.02 during trading hours on Friday, hitting $26.54. 968,086 shares of the company were exchanged, compared to its average volume of 1,047,215. The firm has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $27.29. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.49 and a 52-week high of $27.99. The stock has a market capitalization of $5.37 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 disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were issued a dividend of $0.1595 per share. This represents a $1.91 annualized dividend and a yield of 7.2%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1431. The ex-dividend date of this dividend was Friday, July 31st.

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.