Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Shares Shorted: Short Interest Down 46.9% in October

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 33,856 shares, a decline of 46.9% from the September 30th total of 63,818 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,527,770 shares, the short-interest ratio is presently 0.0 days.

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

Shares of NYSEARCA:CGMS traded down $0.05 during midday trading on Monday, hitting $26.39. 1,297,972 shares of the company’s stock traded hands, compared to its average volume of 1,097,327. The company has a market cap of $5.57 billion, a PE ratio of 10.71 and a beta of 0.30. The firm’s fifty day moving average price is $26.65 and its two-hundred day moving average price is $27.25. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $26.09 and a twelve month high of $27.86.

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

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be given a dividend of $0.1176 per share. The ex-dividend date of this dividend is Friday, October 30th. This is a negative change from Capital Group U.S. Multi-Sector Income ETF’s previous monthly dividend of $0.1402. This represents a $1.41 annualized dividend and a dividend yield of 5.3%.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Gutierrez Wealth Advisory LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 40.0% in the 3rd quarter. Gutierrez Wealth Advisory LLC now owns 30,742 shares of the company’s stock worth $806,000 after purchasing an additional 8,782 shares during the last quarter. Compass Financial Management LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 3.7% during the third quarter. Compass Financial Management LLC now owns 120,153 shares of the company’s stock valued at $3,152,000 after buying an additional 4,246 shares during the last quarter. Signature Equity Partners LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4,586.8% during the third quarter. Signature Equity Partners LLC now owns 24,231 shares of the company’s stock valued at $636,000 after buying an additional 23,714 shares during the last quarter. Security Financial Services INC. boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 4.0% during the third quarter. Security Financial Services INC. now owns 18,815 shares of the company’s stock worth $494,000 after buying an additional 725 shares during the period. Finally, BNB Wealth Management LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.4% during the third quarter. BNB Wealth Management LLC now owns 300,195 shares of the company’s stock worth $7,874,000 after buying an additional 4,036 shares during the period.

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.