Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Large Growth in Short Interest

Capital Group International Core Equity ETF (NYSEARCA:CGIC) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,534,706 shares, a growth of 1,085.1% from the May 14th total of 129,502 shares. Based on an average trading volume of 827,400 shares, the days-to-cover ratio is currently 1.9 days. Approximately 3.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Capital Group International Core Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Greykasell Wealth Strategies Inc. lifted its holdings in Capital Group International Core Equity ETF by 57.4% in the 4th quarter. Greykasell Wealth Strategies Inc. now owns 886 shares of the company’s stock valued at $29,000 after purchasing an additional 323 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Capital Group International Core Equity ETF during the 1st quarter worth about $35,000. Arax Advisory Partners purchased a new position in shares of Capital Group International Core Equity ETF during the 4th quarter worth about $35,000. JPMorgan Chase & Co. lifted its holdings in shares of Capital Group International Core Equity ETF by 140.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock worth $38,000 after acquiring an additional 773 shares during the period. Finally, Cape Investment Advisory Inc. lifted its holdings in shares of Capital Group International Core Equity ETF by 240.8% during the 3rd quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the company’s stock worth $52,000 after acquiring an additional 1,204 shares during the period.

Capital Group International Core Equity ETF Stock Performance

CGIC traded down $0.46 during trading on Wednesday, hitting $35.45. The stock had a trading volume of 2,064,275 shares, compared to its average volume of 568,175. The firm has a market capitalization of $1.69 billion, a P/E ratio of 15.77 and a beta of 0.52. The company’s 50-day moving average price is $35.35 and its 200 day moving average price is $34.17. Capital Group International Core Equity ETF has a twelve month low of $28.17 and a twelve month high of $37.05.

About Capital Group International Core Equity ETF

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.