Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Rises By 892.0%

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 675,683 shares, a growth of 892.0% from the July 15th total of 68,113 shares. Based on an average trading volume of 1,185,671 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CGMS. D.A. Davidson & CO. increased its holdings in Capital Group U.S. Multi-Sector Income ETF by 9.1% during the 4th quarter. D.A. Davidson & CO. now owns 225,710 shares of the company’s stock worth $6,234,000 after acquiring an additional 18,758 shares during the period. Stephens Inc. AR boosted its holdings in Capital Group U.S. Multi-Sector Income ETF by 12.7% in the 4th quarter. Stephens Inc. AR now owns 682,526 shares of the company’s stock valued at $18,851,000 after purchasing an additional 76,839 shares during the period. International Assets Investment Management LLC bought a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter valued at $1,307,000. RHL Group LLC purchased a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $4,701,000. Finally, EQ Wealth Advisors LLC grew its position in shares of Capital Group U.S. Multi-Sector Income ETF by 13.7% during the 4th quarter. EQ Wealth Advisors LLC now owns 594,418 shares of the company’s stock valued at $16,418,000 after purchasing an additional 71,421 shares in the last quarter.

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

Shares of NYSEARCA CGMS traded up $0.03 during mid-day trading on Tuesday, hitting $27.12. The company had a trading volume of 1,155,263 shares, compared to its average volume of 1,012,854. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.95 and a 1 year high of $28.08. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock’s 50-day moving average price is $27.30 and its 200-day moving average price is $27.46.

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.