Short Interest in Capital Group International Core Equity ETF (NYSEARCA:CGIC) Decreases By 39.3%

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 127,231 shares, a decline of 39.3% from the April 15th total of 209,643 shares. Based on an average daily volume of 394,131 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Capital Group International Core Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of CGIC. LPL Financial LLC lifted its stake in shares of Capital Group International Core Equity ETF by 96.4% in the 4th quarter. LPL Financial LLC now owns 2,778,105 shares of the company’s stock valued at $90,288,000 after purchasing an additional 1,363,726 shares during the last quarter. Johnson Bixby & Associates LLC acquired a new position in Capital Group International Core Equity ETF during the 1st quarter worth $27,343,000. Raymond James Financial Inc. lifted its position in Capital Group International Core Equity ETF by 112.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,311,860 shares of the company’s stock worth $40,418,000 after acquiring an additional 695,388 shares during the last quarter. Capital Group Private Client Services Inc. lifted its position in Capital Group International Core Equity ETF by 44.0% during the 4th quarter. Capital Group Private Client Services Inc. now owns 1,642,755 shares of the company’s stock worth $53,390,000 after acquiring an additional 502,242 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in Capital Group International Core Equity ETF by 255.6% during the 4th quarter. Cetera Investment Advisers now owns 572,235 shares of the company’s stock worth $18,598,000 after acquiring an additional 411,317 shares during the last quarter.

Capital Group International Core Equity ETF Price Performance

Shares of CGIC stock traded down $0.82 on Friday, hitting $35.34. The company’s stock had a trading volume of 351,334 shares, compared to its average volume of 533,025. Capital Group International Core Equity ETF has a fifty-two week low of $27.62 and a fifty-two week high of $36.44. The firm’s fifty day moving average price is $34.33 and its 200-day moving average price is $33.56. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.77 and a beta of 0.52.

Capital Group International Core Equity ETF Company Profile

The Capital Group International Core Equity ETF (CGIC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns by globally investing in companies, excluding those from the United States. CGIC was launched on Jun 25, 2024 and is issued by Capital Group.