Capital Group International Equity ETF (NYSEARCA:CGIE) Sees Large Growth in Short Interest

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 113,160 shares, an increase of 149.1% from the December 15th total of 45,435 shares. Based on an average daily trading volume, of 541,423 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 541,423 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lodestone Wealth Management LLC bought a new stake in shares of Capital Group International Equity ETF in the 4th quarter valued at about $318,000. CLG LLC lifted its stake in shares of Capital Group International Equity ETF by 22.6% in the fourth quarter. CLG LLC now owns 18,668 shares of the company’s stock worth $650,000 after acquiring an additional 3,442 shares during the period. LVW Advisors LLC lifted its stake in shares of Capital Group International Equity ETF by 6.9% in the fourth quarter. LVW Advisors LLC now owns 766,998 shares of the company’s stock worth $26,707,000 after acquiring an additional 49,448 shares during the period. DAVENPORT & Co LLC bought a new stake in Capital Group International Equity ETF in the fourth quarter valued at approximately $601,000. Finally, KWB Wealth increased its position in Capital Group International Equity ETF by 38.4% during the 4th quarter. KWB Wealth now owns 217,345 shares of the company’s stock valued at $7,568,000 after purchasing an additional 60,346 shares during the period.

Capital Group International Equity ETF Trading Up 0.2%

CGIE traded up $0.07 during trading on Thursday, reaching $36.34. 796,892 shares of the company’s stock were exchanged, compared to its average volume of 614,129. Capital Group International Equity ETF has a one year low of $26.10 and a one year high of $36.52. The firm has a fifty day moving average price of $34.70 and a two-hundred day moving average price of $33.81. The stock has a market capitalization of $1.61 billion, a PE ratio of 20.85 and a beta of 0.62.

Capital Group International Equity ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1341 dividend. This represents a yield of 76.0%. The ex-dividend date was Friday, December 26th.

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.