Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Short Interest Update

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 155,415 shares, a drop of 68.4% from the May 14th total of 491,739 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 988,756 shares, the days-to-cover ratio is currently 0.2 days.

Capital Group U.S. Multi-Sector Income ETF Trading Down 0.1%

NYSEARCA:CGMS traded down $0.02 during trading hours on Friday, hitting $27.48. 2,602,118 shares of the company were exchanged, compared to its average volume of 1,031,716. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The company has a fifty day simple moving average of $27.50 and a 200 day simple moving average of $27.59. Capital Group U.S. Multi-Sector Income ETF has a one year low of $27.01 and a one year high of $28.08.

Institutional Trading of Capital Group U.S. Multi-Sector Income ETF

Several large investors have recently made changes to their positions in the company. Focus Partners Wealth purchased a new stake in Capital Group U.S. Multi-Sector Income ETF in the first quarter valued at approximately $1,048,000. NewEdge Advisors LLC grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the 2nd quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock worth $4,114,000 after acquiring an additional 68,484 shares during the period. CLG LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% in the 2nd quarter. CLG LLC now owns 47,423 shares of the company’s stock worth $1,310,000 after buying an additional 3,261 shares during the period. Benjamin Edwards Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock worth $11,006,000 after buying an additional 17,345 shares during the last quarter. Finally, IHT Wealth Management LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the 2nd quarter valued at $230,000.

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.