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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 99,916 shares, a drop of 85.2% from the July 30th total of 675,683 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 987,253 shares, the short-interest ratio is presently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Burford Brothers Inc. grew its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.4% during the 1st quarter. Burford Brothers Inc. now owns 30,956 shares of the company’s stock worth $843,000 after acquiring an additional 414 shares during the period. Bridgewealth Advisory Group LLC boosted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 2.8% in the 4th quarter. Bridgewealth Advisory Group LLC now owns 16,486 shares of the company’s stock worth $455,000 after purchasing an additional 445 shares during the last quarter. Trilogy Capital Inc. grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.2% during the second quarter. Trilogy Capital Inc. now owns 39,966 shares of the company’s stock worth $1,092,000 after purchasing an additional 480 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 1.7% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 29,711 shares of the company’s stock worth $821,000 after purchasing an additional 488 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 0.4% in the first quarter. Total Clarity Wealth Management Inc. now owns 110,996 shares of the company’s stock valued at $3,022,000 after purchasing an additional 488 shares during the last quarter.

Capital Group U.S. Multi-Sector Income ETF Price Performance

Capital Group U.S. Multi-Sector Income ETF stock remained flat at $27.23 during midday trading on Thursday. The company had a trading volume of 963,323 shares, compared to its average volume of 1,046,604. The stock’s fifty day simple moving average is $27.25 and its two-hundred day simple moving average is $27.42. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. Capital Group U.S. Multi-Sector Income ETF has a 12-month low of $26.95 and a 12-month high of $28.08.

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.