Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Declines By 68.7%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 83,830 shares, a decline of 68.7% from the November 30th total of 267,519 shares. Based on an average trading volume of 796,720 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 796,720 shares, the short-interest ratio is currently 0.1 days.

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

NYSEARCA CGMS opened at $27.66 on Thursday. Capital Group U.S. Multi-Sector Income ETF has a one year low of $26.08 and a one year high of $28.08. The firm has a market cap of $3.50 billion, a P/E ratio of 10.71 and a beta of 0.34. The stock’s 50-day moving average is $27.72 and its 200-day moving average is $27.69.

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

The business also recently announced a monthly dividend, which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.1662 per share. This is an increase from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.13. The ex-dividend date is Wednesday, December 24th. This represents a c) annualized dividend and a yield of 7.2%.

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

Several large investors have recently made changes to their positions in the stock. TruWealth Advisors LLC lifted its position in Capital Group U.S. Multi-Sector Income ETF by 4.8% in the 3rd quarter. TruWealth Advisors LLC now owns 731,665 shares of the company’s stock valued at $20,304,000 after acquiring an additional 33,718 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 145,898 shares of the company’s stock valued at $4,030,000 after purchasing an additional 24,055 shares during the period. Royal Bank of Canada lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 49.1% in the first quarter. Royal Bank of Canada now owns 764,516 shares of the company’s stock valued at $20,871,000 after purchasing an additional 251,804 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 38.3% in the second quarter. IFP Advisors Inc now owns 4,091 shares of the company’s stock valued at $113,000 after purchasing an additional 1,132 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter worth about $204,000.

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.