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 recipient of a large drop in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 987,253 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its position in Capital Group U.S. Multi-Sector Income ETF by 30.8% during the fourth quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after buying an additional 3,616,255 shares during the period. Wells Fargo & Company MN grew its position in Capital Group U.S. Multi-Sector Income ETF by 44.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,404,827 shares of the company’s stock valued at $149,281,000 after buying an additional 1,658,572 shares during the last quarter. UBS Group AG lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 49.2% in the 3rd quarter. UBS Group AG now owns 3,524,945 shares of the company’s stock worth $97,817,000 after acquiring an additional 1,162,393 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 135.9% in the first quarter. Valmark Advisers Inc. now owns 1,525,745 shares of the company’s stock valued at $41,546,000 after acquiring an additional 879,055 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 19.9% during the fourth quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock worth $143,686,000 after acquiring an additional 863,369 shares during the period.

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

NYSEARCA:CGMS traded down $0.03 during trading hours on Wednesday, hitting $27.22. The company had a trading volume of 678,163 shares, compared to its average volume of 1,044,726. The company has a market cap of $5.35 billion, a P/E ratio of 10.71 and a beta of 0.29. The company has a 50-day moving average of $27.25 and a 200 day moving average of $27.42. Capital Group U.S. Multi-Sector Income ETF has a 1 year low of $26.95 and a 1 year 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.