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 large decline in short interest in the month of August. As of August 31st, there was short interest totaling 37,003 shares, a decline of 63.0% from the August 15th total of 99,916 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,469,497 shares, the short-interest ratio is currently 0.0 days.

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

Capital Group U.S. Multi-Sector Income ETF stock traded down $0.04 during mid-day trading on Tuesday, reaching $26.75. 808,863 shares of the company were exchanged, compared to its average volume of 1,041,495. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.74 and a twelve month high of $28.08. The firm’s 50-day simple moving average is $27.13 and its two-hundred day simple moving average is $27.34. The firm has a market cap of $5.26 billion, a PE 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. Investors of record on Friday, July 31st were given a $0.1595 dividend. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.14. The ex-dividend date was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.2%.

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

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% in the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after acquiring an additional 3,616,255 shares during the last quarter. Capital Advantage Inc. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% in the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after acquiring an additional 1,292,902 shares during the last quarter. Waverly Advisors LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $25,993,000. Valmark Advisers Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after purchasing an additional 879,055 shares during the period. Finally, Cetera Investment Advisers increased its position in Capital Group U.S. Multi-Sector Income ETF by 17.7% during the first quarter. Cetera Investment Advisers now owns 4,296,149 shares of the company’s stock worth $116,984,000 after purchasing an additional 646,551 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.