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) was the target 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. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 839,269 shares, the days-to-cover ratio is currently 0.7 days.

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

Shares of NYSEARCA:CGMS traded down $0.13 during mid-day trading on Friday, hitting $27.35. 879,038 shares of the company traded hands, compared to its average volume of 990,031. The firm has a market cap of $4.67 billion, a P/E ratio of 10.71 and a beta of 0.30. Capital Group U.S. Multi-Sector Income ETF has a 52-week low of $26.94 and a 52-week high of $28.08. The firm’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $27.62.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a $0.1148 dividend. This represents a c) dividend on an annualized basis and a 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 Trading of Capital Group U.S. Multi-Sector Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CGMS. Focus Partners Wealth acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 1st quarter worth $1,048,000. NewEdge Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% in the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after acquiring an additional 68,484 shares during the last quarter. CLG LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,261 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after acquiring an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at approximately $230,000.

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.