Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Sees Large Decline in Short Interest
by Scott Moore · The Cerbat GemCapital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 144,663 shares, a drop of 35.6% from the December 31st total of 224,764 shares. Based on an average daily volume of 1,182,145 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 volume of 1,182,145 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of Capital Group U.S. Multi-Sector Income ETF
Institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the fourth quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the third 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 acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the fourth quarter valued at about $31,000. Financial Perspectives Inc raised its position in shares of Capital Group U.S. Multi-Sector Income ETF by 59.6% in the 2nd quarter. Financial Perspectives Inc now owns 1,853 shares of the company’s stock valued at $51,000 after purchasing an additional 692 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF in the 3rd quarter worth approximately $53,000.
Capital Group U.S. Multi-Sector Income ETF Trading Up 0.1%
Shares of NYSEARCA:CGMS traded up $0.02 during trading on Monday, reaching $27.67. The stock had a trading volume of 898,793 shares, compared to its average volume of 1,060,704. The firm’s 50-day simple moving average is $27.71 and its 200 day simple moving average is $27.73. 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 company has a market capitalization of $4.19 billion, a P/E ratio of 10.71 and a beta of 0.34.
Capital Group U.S. Multi-Sector Income ETF Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.1114 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, January 30th.
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.