Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Shorted: Short Interest Down 39.6% in September

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 63,818 shares, a drop of 39.6% from the September 15th total of 105,694 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,337,671 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

A number of hedge funds have recently added to or reduced their stakes in CGMS. Burford Brothers Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% during the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after acquiring an additional 414 shares during the period. Trilogy Capital Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% in the 2nd quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock valued at $1,092,000 after purchasing an additional 480 shares in the last quarter. Total Clarity Wealth Management Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock valued at $3,022,000 after purchasing an additional 488 shares during the last quarter. Tempus Wealth Planning LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the 3rd quarter. Tempus Wealth Planning LLC now owns 21,319 shares of the company’s stock worth $559,000 after buying an additional 591 shares during the last quarter. Finally, CAP Partners LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.9% during the 1st quarter. CAP Partners LLC now owns 22,029 shares of the company’s stock worth $600,000 after buying an additional 623 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.2%

Shares of NYSEARCA CGMS traded down $0.07 during mid-day trading on Friday, hitting $26.39. The company had a trading volume of 1,219,984 shares, compared to its average volume of 1,088,787. The firm has a 50-day simple moving average of $26.81 and a two-hundred day simple moving average of $27.19. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.09 and a one year high of $27.99. The company has a market capitalization of $5.48 billion, a PE ratio of 10.71 and a beta of 0.30.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.1402 per share. This represents a $1.68 dividend on an annualized basis and a yield of 6.4%. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1297. The ex-dividend date of this dividend was Tuesday, September 29th.

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.