Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 99,916 shares, a decrease of 85.2% from the July 30th total of 675,683 shares. Based on an average daily volume of 987,253 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Trading of Capital Group U.S. Multi-Sector Income ETF
Several hedge funds and other institutional investors have recently bought and sold shares of CGMS. Ameritas Advisory Services LLC acquired a new position in Capital Group U.S. Multi-Sector Income ETF in the second quarter valued at approximately $1,301,000. Kintra Wealth LLC increased its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 33.0% during the 2nd quarter. Kintra Wealth LLC now owns 70,537 shares of the company’s stock valued at $1,920,000 after purchasing an additional 17,499 shares in the last quarter. Endeavor Private Wealth Inc. lifted its stake in shares of Capital Group U.S. Multi-Sector Income ETF by 4.8% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 73,348 shares of the company’s stock valued at $2,005,000 after purchasing an additional 3,384 shares during the period. Rose Capital Advisors LLC acquired a new position in shares of Capital Group U.S. Multi-Sector Income ETF in the 2nd quarter valued at $260,000. Finally, Schuylkill Financial LLC purchased a new stake in Capital Group U.S. Multi-Sector Income ETF during the second quarter worth $3,400,000.
Capital Group U.S. Multi-Sector Income ETF Trading Down 0.2%
CGMS traded down $0.06 during midday trading on Friday, hitting $27.17. 1,278,082 shares of the company were exchanged, compared to its average volume of 1,048,005. The company’s 50 day simple moving average is $27.24 and its 200 day simple moving average is $27.41. The firm has a market capitalization of $5.34 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 $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.
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