Short Interest in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) Decreases By 68.4%

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

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.2%

Shares of CGMS traded up $0.06 during mid-day trading on Thursday, hitting $27.40. 1,660,518 shares of the company’s stock were exchanged, compared to its average volume of 1,004,446. The firm has a fifty day moving average of $27.49 and a two-hundred day moving average of $27.59. The stock has a market cap of $4.68 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 twelve month low of $27.01 and a twelve month high of $28.08.

Hedge Funds Weigh In On Capital Group U.S. Multi-Sector Income ETF

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC increased its position in shares of Capital Group U.S. Multi-Sector Income ETF by 30.8% during the 4th quarter. LPL Financial LLC now owns 15,366,839 shares of the company’s stock worth $424,432,000 after purchasing an additional 3,616,255 shares in the last quarter. Wells Fargo & Company MN increased 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 acquiring an additional 1,658,572 shares in the last quarter. UBS Group AG increased its position in 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 valued at $97,817,000 after acquiring an additional 1,162,393 shares in the last quarter. Valmark Advisers Inc. increased its position in Capital Group U.S. Multi-Sector Income ETF by 135.9% in the 1st 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 position in Capital Group U.S. Multi-Sector Income ETF by 19.9% in the 4th quarter. Raymond James Financial Inc. now owns 5,202,259 shares of the company’s stock valued at $143,686,000 after acquiring an additional 863,369 shares in the last quarter.

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.