Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Increases By 286.2%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 548,065 shares, an increase of 286.2% from the April 15th total of 141,894 shares. Based on an average daily trading volume, of 839,269 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the company’s stock are short sold.

Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%

CGMS traded up $0.02 during trading hours on Wednesday, hitting $27.49. 962,739 shares of the company’s stock were exchanged, compared to its average volume of 993,265. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.94 and a 12-month high of $28.08. The firm has a 50 day moving average of $27.45 and a 200 day moving average of $27.62. The firm has a market cap of $4.70 billion, a P/E ratio of 10.71 and a beta of 0.30.

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

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $27,000. Bogart Wealth LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock worth $29,000 after acquiring an additional 477 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 3rd quarter worth approximately $53,000.

About Capital Group U.S. Multi-Sector Income ETF

(Get Free Report)

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.

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