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

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 192,434 shares, a growth of 407.6% from the February 12th total of 37,908 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 743,785 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 743,785 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SHP Wealth Management acquired a new position in Capital Group International Equity ETF in the 4th quarter valued at approximately $30,000. NWF Advisory Services Inc. acquired a new position in shares of Capital Group International Equity ETF during the fourth quarter worth $257,000. Clearwave Capital LLC bought a new stake in shares of Capital Group International Equity ETF in the fourth quarter worth $204,000. Axxcess Wealth Management LLC bought a new stake in shares of Capital Group International Equity ETF in the fourth quarter worth $1,199,000. Finally, Summit Global Investments increased its holdings in Capital Group International Equity ETF by 19.5% in the fourth quarter. Summit Global Investments now owns 8,166 shares of the company’s stock valued at $284,000 after purchasing an additional 1,334 shares during the period.

Capital Group International Equity ETF Stock Performance

Shares of Capital Group International Equity ETF stock traded up $0.23 during midday trading on Tuesday, hitting $35.06. 637,133 shares of the company traded hands, compared to its average volume of 692,409. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 20.85 and a beta of 0.62. The firm’s fifty day moving average price is $36.07 and its 200-day moving average price is $34.74. Capital Group International Equity ETF has a 12 month low of $26.10 and a 12 month high of $37.07.

Capital Group International Equity ETF Announces Dividend

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

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.