Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Drops By 48.1%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 80,098 shares, a drop of 48.1% from the June 15th total of 154,221 shares. Based on an average daily volume of 825,696 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

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

NYSEARCA CGMS traded up $0.05 on Wednesday, reaching $27.31. 338,355 shares of the company’s stock traded hands, compared to its average volume of 1,001,292. Capital Group U.S. Multi-Sector Income ETF has a fifty-two week low of $27.01 and a fifty-two week high of $28.08. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock has a 50 day moving average price of $27.42 and a 200-day moving average price of $27.53.

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

Several hedge funds and other institutional investors have recently bought and sold shares of CGMS. KWB Wealth lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 47.2% in the second quarter. KWB Wealth now owns 527,423 shares of the company’s stock valued at $14,414,000 after acquiring an additional 169,146 shares during the period. Scott Capital Advisors LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 6.6% during the 2nd quarter. Scott Capital Advisors LLC now owns 63,135 shares of the company’s stock valued at $1,725,000 after purchasing an additional 3,934 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $289,000. Warner Financial Inc. purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $385,000. Finally, Allied Private Wealth LLC acquired a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at $124,000.

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.