Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 51,199 shares, a drop of 28.3% from the March 15th total of 71,373 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 875,300 shares, the days-to-cover ratio is presently 0.1 days.
Capital Group U.S. Multi-Sector Income ETF Stock Performance
NYSEARCA CGMS opened at $27.61 on Friday. The firm has a 50-day moving average of $27.52 and a 200-day moving average of $27.65. The stock has a market cap of $4.65 billion, a PE ratio of 10.71 and a beta of 0.33. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.64 and a 52-week high of $28.08.
Capital Group U.S. Multi-Sector Income ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.1148 dividend. This is a positive change 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%.
Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF
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.
Further Reading
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