Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Down 33.4% in January

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 96,398 shares, a decrease of 33.4% from the January 15th total of 144,663 shares. Based on an average daily trading volume, of 955,577 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 955,577 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bogart Wealth LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. raised its stake in Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after acquiring an additional 477 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $31,000. Financial Perspectives Inc boosted its position in Capital Group U.S. Multi-Sector Income ETF by 59.6% during the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock worth $51,000 after acquiring an additional 692 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the third quarter worth $53,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.1%

Shares of CGMS traded up $0.02 during mid-day trading on Friday, hitting $27.79. The stock had a trading volume of 1,680,924 shares, compared to its average volume of 1,119,078. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $26.08 and a fifty-two week high of $28.08. The company has a market cap of $4.20 billion, a PE ratio of 10.71 and a beta of 0.34. The company’s fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $27.74.

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

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were issued a $0.1114 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was 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.