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

Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) was the target of a significant drop in short interest in 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 trading volume, of 825,696 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

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

Shares of NYSEARCA:CGMS remained flat at $27.30 during mid-day trading on Friday. The company had a trading volume of 621,303 shares, compared to its average volume of 999,122. The firm has a market capitalization of $5.20 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 1-year low of $27.01 and a 1-year high of $28.08. The stock’s 50-day moving average price is $27.42 and its 200 day moving average price is $27.53.

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

Several large investors have recently bought and sold shares of CGMS. Nations Financial Group Inc. IA ADV lifted its position in shares of Capital Group U.S. Multi-Sector Income ETF by 1.1% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 35,036 shares of the company’s stock worth $968,000 after purchasing an additional 373 shares in the last quarter. Burford Brothers Inc. increased its stake 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 buying an additional 414 shares during the period. Apollon Wealth Management LLC increased its stake in Capital Group U.S. Multi-Sector Income ETF by 0.8% during the 4th quarter. Apollon Wealth Management LLC now owns 54,344 shares of the company’s stock worth $1,501,000 after buying an additional 439 shares during the period. Bridgewealth Advisory Group LLC lifted its holdings in 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 buying an additional 445 shares in the last quarter. Finally, Daymark Wealth Partners LLC lifted its holdings in Capital Group U.S. Multi-Sector Income ETF by 1.6% in the 4th quarter. Daymark Wealth Partners LLC now owns 31,280 shares of the company’s stock worth $864,000 after buying an additional 479 shares in the last quarter.

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.