Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Large Decrease in Short Interest

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 559,840 shares, a drop of 27.9% from the February 12th total of 776,116 shares. Based on an average daily volume of 1,010,312 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 1,010,312 shares, the short-interest ratio is currently 0.6 days.

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

Capital Group U.S. Multi-Sector Income ETF stock traded up $0.11 during trading hours on Monday, hitting $27.32. 908,900 shares of the stock were exchanged, compared to its average volume of 1,082,204. The stock has a market capitalization of $4.13 billion, a P/E ratio of 10.71 and a beta of 0.34. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.08 and a 12 month high of $28.08. The business’s 50-day moving average is $27.69 and its two-hundred day moving average is $27.73.

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

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.1148 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.11.

Institutional Investors Weigh In On Capital Group U.S. Multi-Sector Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% during the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after purchasing an additional 3,616,255 shares during the last quarter. Morgan Stanley raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the fourth quarter. Morgan Stanley now owns 6,699,298 shares of the company’s stock valued at $185,035,000 after buying an additional 183,781 shares during the last quarter. Wells Fargo & Company MN lifted its position in Capital Group U.S. Multi-Sector Income ETF by 44.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock worth $149,281,000 after buying an additional 1,658,572 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group U.S. Multi-Sector Income ETF by 27.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 5,400,596 shares of the company’s stock worth $149,867,000 after buying an additional 1,155,945 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 19.9% during the 4th quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after acquiring an additional 863,369 shares during the last quarter.

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.