Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 33,856 shares, a decrease of 46.9% from the September 30th total of 63,818 shares. Based on an average trading volume of 1,527,770 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in CGMS. Envestnet Asset Management Inc. raised its position in Capital Group U.S. Multi-Sector Income ETF by 16.1% in the second quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after acquiring an additional 1,259,374 shares during the period. Cetera Investment Advisers increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 17.7% during the 1st 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 Advantage Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% in the 2nd quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock worth $103,627,000 after purchasing an additional 1,292,902 shares during the period. Royal Bank of Canada raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.5% in the first quarter. Royal Bank of Canada now owns 1,786,838 shares of the company’s stock valued at $48,656,000 after buying an additional 291,066 shares during the period. Finally, Valmark Advisers Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock worth $41,546,000 after acquiring an additional 879,055 shares during the period.
Capital Group U.S. Multi-Sector Income ETF Stock Down 0.4%
Capital Group U.S. Multi-Sector Income ETF stock traded down $0.11 during mid-day trading on Friday, hitting $26.44. 1,065,815 shares of the stock were exchanged, compared to its average volume of 1,096,367. Capital Group U.S. Multi-Sector Income ETF has a 12 month low of $26.09 and a 12 month high of $27.86. The firm’s fifty day simple moving average is $26.65 and its two-hundred day simple moving average is $27.25. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 10.71 and a beta of 0.30.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 30th will be issued a dividend of $0.1176 per share. This represents a $1.41 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, October 30th. This is a decrease from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402.
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.
Read More
- Five stocks we like better than Capital Group U.S. Multi-Sector Income ETF
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Capital Group U.S. Multi-Sector Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group U.S. Multi-Sector Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
