Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Down 68.7% in December

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 83,830 shares, a drop of 68.7% from the November 30th total of 267,519 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 796,720 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 796,720 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

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

NYSEARCA:CGMS traded down $0.01 during trading hours on Friday, hitting $27.65. 951,462 shares of the company’s stock traded hands, compared to its average volume of 749,350. The firm has a market cap of $3.50 billion, a P/E ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.08 and a twelve month high of $28.08. The stock’s fifty day moving average price is $27.71 and its two-hundred day moving average price is $27.69.

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

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CGMS. Strategic Investment Solutions Inc. IL grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 85.0% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 11,972 shares of the company’s stock valued at $332,000 after acquiring an additional 5,500 shares in the last quarter. Lantern Wealth Advisors LLC boosted its position in Capital Group U.S. Multi-Sector Income ETF by 63.3% during the third quarter. Lantern Wealth Advisors LLC now owns 16,430 shares of the company’s stock valued at $456,000 after purchasing an additional 6,371 shares during the last quarter. Sunbelt Securities Inc. grew its stake in Capital Group U.S. Multi-Sector Income ETF by 30.1% in the third quarter. Sunbelt Securities Inc. now owns 308,311 shares of the company’s stock valued at $8,556,000 after purchasing an additional 71,249 shares in the last quarter. Captrust Financial Advisors grew its stake in Capital Group U.S. Multi-Sector Income ETF by 15.0% in the third quarter. Captrust Financial Advisors now owns 60,218 shares of the company’s stock valued at $1,671,000 after purchasing an additional 7,851 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth about $102,000.

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.