Short Interest in Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Decreases By 83.1%

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 570,516 shares, a decline of 83.1% from the June 30th total of 3,377,570 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 999,587 shares, the days-to-cover ratio is presently 0.6 days.

Capital Group International Focus Equity ETF Stock Performance

Shares of Capital Group International Focus Equity ETF stock traded down $0.36 during midday trading on Friday, reaching $33.25. 871,200 shares of the company’s stock traded hands, compared to its average volume of 923,113. Capital Group International Focus Equity ETF has a 52 week low of $26.31 and a 52 week high of $36.27. The company’s 50 day simple moving average is $34.31 and its 200 day simple moving average is $32.29. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 17.44 and a beta of 0.94.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC bought a new position in shares of Capital Group International Focus Equity ETF in the fourth quarter valued at approximately $28,000. Parallel Advisors LLC bought a new position in Capital Group International Focus Equity ETF in the 1st quarter worth $68,000. IFP Advisors Inc lifted its position in Capital Group International Focus Equity ETF by 103.1% during the 3rd quarter. IFP Advisors Inc now owns 2,388 shares of the company’s stock worth $71,000 after acquiring an additional 1,212 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Capital Group International Focus Equity ETF by 18.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,756 shares of the company’s stock worth $81,000 after acquiring an additional 436 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in Capital Group International Focus Equity ETF by 191.9% during the 4th quarter. CoreCap Advisors LLC now owns 2,820 shares of the company’s stock worth $83,000 after acquiring an additional 1,854 shares during the last quarter.

Capital Group International Focus Equity ETF Company Profile

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.