Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Large Increase in Short Interest

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 105,694 shares, a growth of 185.6% from the August 31st total of 37,003 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,025,373 shares, the days-to-cover ratio is presently 0.1 days.

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

NYSEARCA CGMS traded down $0.02 on Friday, reaching $26.54. The stock had a trading volume of 968,086 shares, compared to its average volume of 1,047,215. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.49 and a 12-month high of $27.99. The business’s 50-day moving average price is $27.04 and its 200 day moving average price is $27.29. The stock has a market cap of $5.37 billion, a P/E ratio of 10.71 and a beta of 0.29.

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

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were paid a dividend of $0.1595 per share. This is a positive change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1431. The ex-dividend date of this dividend was Friday, July 31st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 7.2%.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

Several hedge funds have recently bought and sold shares of CGMS. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 24.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 113,707 shares of the company’s stock valued at $3,108,000 after purchasing an additional 22,043 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF by 16.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,076,177 shares of the company’s stock worth $248,052,000 after purchasing an additional 1,259,374 shares during the period. Capital Analysts LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 149.6% in the second quarter. Capital Analysts LLC now owns 43,462 shares of the company’s stock valued at $1,188,000 after buying an additional 26,051 shares in the last quarter. Capital Advantage Inc. raised its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 51.7% during the second quarter. Capital Advantage Inc. now owns 3,791,682 shares of the company’s stock valued at $103,627,000 after purchasing an additional 1,292,902 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.4% during the second quarter. Integrated Wealth Concepts LLC now owns 412,825 shares of the company’s stock valued at $11,283,000 after acquiring an additional 17,316 shares in the last quarter.

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.