Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Shares Shorted: Short Interest Up 172.8% in October

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,302,179 shares, a growth of 172.8% from the September 30th total of 843,881 shares. Based on an average trading volume of 1,012,491 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.1% of the company’s shares are sold short.

Capital Group International Focus Equity ETF Stock Performance

Shares of NYSEARCA:CGXU opened at $31.38 on Friday. The company has a market cap of $6.39 billion, a PE ratio of 17.44 and a beta of 0.95. Capital Group International Focus Equity ETF has a 52 week low of $28.14 and a 52 week high of $36.27. The firm has a 50 day simple moving average of $34.14 and a 200 day simple moving average of $32.98.

Institutional Trading of Capital Group International Focus Equity ETF

Several large investors have recently added to or reduced their stakes in the company. Rose Capital Advisors LLC acquired a new stake in Capital Group International Focus Equity ETF during the second quarter valued at $1,704,000. Security National Bank of Sioux City Iowa IA grew its stake in Capital Group International Focus Equity ETF by 28.4% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 73,533 shares of the company’s stock valued at $2,546,000 after purchasing an additional 16,243 shares in the last quarter. Inspirion Wealth Advisors LLC grew its stake in Capital Group International Focus Equity ETF by 2.1% in the second quarter. Inspirion Wealth Advisors LLC now owns 2,063,378 shares of the company’s stock valued at $70,217,000 after purchasing an additional 42,029 shares in the last quarter. Kestra Advisory Services LLC grew its stake in Capital Group International Focus Equity ETF by 5.7% in the first quarter. Kestra Advisory Services LLC now owns 1,141,672 shares of the company’s stock valued at $33,668,000 after purchasing an additional 61,207 shares in the last quarter. Finally, J. Derek Lewis & Associates Inc. grew its stake in Capital Group International Focus Equity ETF by 32.3% in the first quarter. J. Derek Lewis & Associates Inc. now owns 139,229 shares of the company’s stock valued at $4,122,000 after purchasing an additional 34,023 shares in the last quarter.

About Capital Group International Focus Equity ETF

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.