Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) was the target of a significant 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 short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.
Capital Group U.S. Multi-Sector Income ETF Trading Up 0.2%
CGMS stock traded up $0.06 on Thursday, hitting $27.40. 1,660,518 shares of the company’s stock traded hands, compared to its average volume of 1,004,446. 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 has a market cap of $4.68 billion, a price-to-earnings ratio of 10.71 and a beta of 0.29. The stock has a fifty day moving average of $27.49 and a 200-day moving average of $27.59.
Institutional Investors Weigh In On Capital Group U.S. Multi-Sector Income ETF
A number of large investors have recently made changes to their positions in CGMS. Focus Partners Wealth acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the first quarter valued at approximately $1,048,000. NewEdge Advisors LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 85.1% during the second quarter. NewEdge Advisors LLC now owns 148,965 shares of the company’s stock valued at $4,114,000 after acquiring an additional 68,484 shares during the period. CLG LLC raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 7.4% during the second quarter. CLG LLC now owns 47,423 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,261 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 4.6% during the second quarter. Benjamin Edwards Inc. now owns 398,486 shares of the company’s stock valued at $11,006,000 after acquiring an additional 17,345 shares during the period. Finally, IHT Wealth Management LLC acquired a new stake in shares of Capital Group U.S. Multi-Sector Income ETF during the second quarter valued at approximately $230,000.
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.
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