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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMSGet 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

Hedge funds have recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter worth approximately $27,000. Bogart Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $31,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter valued at $53,000.

Capital Group U.S. Multi-Sector Income ETF Company Profile

(Get Free Report)

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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