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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 224,764 shares, a growth of 168.1% from the December 15th total of 83,830 shares. Based on an average trading volume of 1,041,567 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 1,041,567 shares, the short-interest ratio is currently 0.2 days.

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

Shares of NYSEARCA CGMS opened at $27.74 on Wednesday. The firm has a market capitalization of $4.01 billion, a P/E ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The company’s fifty day moving average is $27.67 and its two-hundred day moving average is $27.71.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a dividend of $0.1662 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Focus Partners Wealth acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the 1st quarter valued at approximately $1,048,000. Modern Wealth Management LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 50.1% in the 1st quarter. Modern Wealth Management LLC now owns 11,558 shares of the company’s stock valued at $316,000 after purchasing an additional 3,857 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in Capital Group U.S. Multi-Sector Income ETF by 88.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,005 shares of the company’s stock valued at $138,000 after purchasing an additional 2,352 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $3,252,000. Finally, Pines Wealth Management LLC raised its holdings in Capital Group U.S. Multi-Sector Income ETF by 20.7% during the second quarter. Pines Wealth Management LLC now owns 28,921 shares of the company’s stock worth $799,000 after purchasing an additional 4,966 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.