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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 852,070 shares, an increase of 150.9% from the June 15th total of 339,563 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 507,926 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Capital Group International Core Equity ETF

A number of large investors have recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC raised its stake in Capital Group International Core Equity ETF by 48.1% during the second quarter. Adamsbrown Wealth Consultants LLC now owns 14,165 shares of the company’s stock worth $515,000 after acquiring an additional 4,602 shares in the last quarter. Cooper Financial Group boosted its stake in shares of Capital Group International Core Equity ETF by 139.9% in the 2nd quarter. Cooper Financial Group now owns 29,305 shares of the company’s stock valued at $1,066,000 after purchasing an additional 17,087 shares in the last quarter. NerdWallet Wealth Partners LLC grew its holdings in shares of Capital Group International Core Equity ETF by 16.7% in the 2nd quarter. NerdWallet Wealth Partners LLC now owns 37,130 shares of the company’s stock worth $1,351,000 after purchasing an additional 5,324 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Capital Group International Core Equity ETF by 117.1% in the 2nd quarter. Harbor Investment Advisory LLC now owns 6,459 shares of the company’s stock worth $235,000 after purchasing an additional 3,484 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Capital Group International Core Equity ETF by 151.9% during the 2nd quarter. Versant Capital Management Inc now owns 8,060 shares of the company’s stock worth $293,000 after purchasing an additional 4,860 shares in the last quarter.

Capital Group International Core Equity ETF Stock Performance

Shares of CGIC stock traded down $0.39 during trading hours on Thursday, hitting $35.49. The company had a trading volume of 25,959 shares, compared to its average volume of 554,344. Capital Group International Core Equity ETF has a 12 month low of $28.53 and a 12 month high of $37.30. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 15.77 and a beta of 0.52. The firm’s fifty day moving average is $36.23 and its 200 day moving average is $34.97.

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.