Short Interest in Capital Group International Equity ETF (NYSEARCA:CGIE) Declines By 77.2%

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 55,696 shares, a decrease of 77.2% from the August 15th total of 244,735 shares. Based on an average trading volume of 321,098 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Capital Group International Equity ETF Trading Up 1.1%

NYSEARCA CGIE traded up $0.41 during trading hours on Friday, hitting $37.44. The company’s stock had a trading volume of 309,934 shares, compared to its average volume of 517,475. The company has a market capitalization of $2.41 billion, a PE ratio of 20.85 and a beta of 0.63. Capital Group International Equity ETF has a 52 week low of $32.52 and a 52 week high of $38.63. The company’s 50-day simple moving average is $37.28 and its two-hundred day simple moving average is $36.20.

Capital Group International Equity ETF Dividend Announcement

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.3673 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a dividend yield of 200.0%.

Institutional Trading of Capital Group International Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in CGIE. SHP Wealth Management purchased a new position in Capital Group International Equity ETF during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC bought a new stake in Capital Group International Equity ETF in the 1st quarter worth about $30,000. Allworth Financial LP purchased a new stake in Capital Group International Equity ETF in the 3rd quarter valued at about $35,000. Sunbelt Securities Inc. purchased a new stake in Capital Group International Equity ETF in the 3rd quarter valued at about $61,000. Finally, NewEdge Advisors LLC lifted its position in shares of Capital Group International Equity ETF by 42.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock worth $71,000 after buying an additional 640 shares in the last quarter.

About Capital Group International Equity ETF

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.