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

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 244,735 shares, a growth of 868.8% from the July 30th total of 25,261 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 348,079 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Capital Group International Equity ETF

A number of institutional investors have recently made changes to their positions in CGIE. Bank of New York Mellon Corp boosted its stake in Capital Group International Equity ETF by 112.0% during the first quarter. Bank of New York Mellon Corp now owns 4,306,342 shares of the company’s stock valued at $145,640,000 after buying an additional 2,275,135 shares in the last quarter. Cetera Investment Advisers boosted its position in Capital Group International Equity ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 2,356,485 shares of the company’s stock worth $79,696,000 after acquiring an additional 444,030 shares during the period. Morgan Stanley grew its stake in Capital Group International Equity ETF by 27.6% during the 4th quarter. Morgan Stanley now owns 2,190,697 shares of the company’s stock valued at $76,280,000 after acquiring an additional 473,919 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Capital Group International Equity ETF by 49.2% in the 4th quarter. LPL Financial LLC now owns 2,081,808 shares of the company’s stock valued at $72,489,000 after purchasing an additional 686,514 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Capital Group International Equity ETF by 43.3% during the first quarter. Royal Bank of Canada now owns 2,025,906 shares of the company’s stock worth $68,516,000 after purchasing an additional 611,671 shares during the period.

Capital Group International Equity ETF Price Performance

Shares of CGIE stock traded down $0.13 during trading hours on Wednesday, reaching $38.14. The stock had a trading volume of 114,241 shares, compared to its average volume of 525,389. The firm has a market capitalization of $2.46 billion, a PE ratio of 20.85 and a beta of 0.63. The firm has a 50-day simple moving average of $37.03 and a 200-day simple moving average of $36.08. Capital Group International Equity ETF has a twelve month low of $32.37 and a twelve month high of $38.45.

Capital Group International Equity ETF Company Profile

The Capital Group International Equity ETF (CGIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of non-US companies. The objective centers on identifying companies believed to have the potential for growth. CGIE was launched on Sep 26, 2023 and is issued by Capital Group.