Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Down 35.6% in January

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 144,663 shares, a decrease of 35.6% from the December 31st total of 224,764 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,182,145 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 1,182,145 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

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

Hedge funds have recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV lifted its stake in Capital Group U.S. Multi-Sector Income ETF by 1.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock valued at $968,000 after buying an additional 373 shares in the last quarter. Wayfinding Financial LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 0.4% during the third quarter. Wayfinding Financial LLC now owns 105,633 shares of the company’s stock valued at $2,931,000 after acquiring an additional 385 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.9% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 23,316 shares of the company’s stock valued at $647,000 after acquiring an additional 432 shares in the last quarter. Apollon Wealth Management LLC grew its position in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after purchasing an additional 439 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in Capital Group U.S. Multi-Sector Income ETF by 1.6% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 29,223 shares of the company’s stock valued at $811,000 after purchasing an additional 474 shares during the period.

Capital Group U.S. Multi-Sector Income ETF Stock Down 0.4%

CGMS stock traded down $0.12 during mid-day trading on Friday, reaching $27.65. The company had a trading volume of 922,859 shares, compared to its average volume of 1,068,803. 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 stock has a market capitalization of $4.13 billion, a P/E ratio of 10.71 and a beta of 0.34. The stock’s 50-day simple moving average is $27.71 and its two-hundred day simple moving average is $27.73.

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

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be given a dividend of $0.1114 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Friday, January 30th.

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.