Capital Group International Equity ETF (NYSEARCA:CGIE) Sees Significant Drop in Short Interest

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 109,347 shares, a decline of 69.3% from the May 14th total of 356,645 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 462,892 shares, the days-to-cover ratio is presently 0.2 days.

Capital Group International Equity ETF Price Performance

CGIE stock traded up $0.04 during trading on Friday, hitting $36.64. The stock had a trading volume of 408,223 shares, compared to its average volume of 583,847. Capital Group International Equity ETF has a twelve month low of $31.60 and a twelve month high of $37.07. The stock has a market capitalization of $2.12 billion, a P/E ratio of 20.85 and a beta of 0.65. The company’s 50-day moving average price is $35.83 and its two-hundred day moving average price is $35.44.

Institutional Trading of Capital Group International Equity ETF

A number of hedge funds have recently bought and sold shares of CGIE. NewEdge Advisors LLC raised its holdings in Capital Group International Equity ETF by 71.4% in the 1st quarter. NewEdge Advisors LLC now owns 5,103 shares of the company’s stock valued at $173,000 after buying an additional 2,125 shares during the last quarter. Security Financial Services INC. raised its stake in Capital Group International Equity ETF by 3.4% in the first quarter. Security Financial Services INC. now owns 106,649 shares of the company’s stock valued at $3,607,000 after purchasing an additional 3,479 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Capital Group International Equity ETF by 90.6% in the first quarter. Bank of America Corp DE now owns 1,709,080 shares of the company’s stock worth $57,801,000 after buying an additional 812,205 shares during the period. Ashton Thomas Securities LLC grew its holdings in shares of Capital Group International Equity ETF by 140.2% during the 1st quarter. Ashton Thomas Securities LLC now owns 34,950 shares of the company’s stock worth $1,182,000 after acquiring an additional 20,400 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in shares of Capital Group International Equity ETF by 84.5% in the 1st quarter. Sunbelt Securities Inc. now owns 3,323 shares of the company’s stock worth $112,000 after buying an additional 1,522 shares during the last quarter.

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.