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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 106,724 shares, a decline of 13.4% from the February 12th total of 123,214 shares. Based on an average daily volume of 618,210 shares, the short-interest ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 618,210 shares, the short-interest ratio is presently 0.2 days.

Capital Group International Core Equity ETF Stock Up 0.5%

Capital Group International Core Equity ETF stock traded up $0.17 during midday trading on Tuesday, reaching $33.82. The stock had a trading volume of 221,565 shares, compared to its average volume of 608,402. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 15.77 and a beta of 0.32. Capital Group International Core Equity ETF has a 52-week low of $23.12 and a 52-week high of $36.20. The company has a fifty day moving average of $34.59 and a 200 day moving average of $32.46.

Capital Group International Core Equity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1593 dividend. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.08. This represents a $0.64 annualized dividend and a dividend yield of 1.9%.

Institutional Investors Weigh In On Capital Group International Core Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of CGIC. LPL Financial LLC grew its position in Capital Group International Core Equity ETF by 96.4% in the 4th quarter. LPL Financial LLC now owns 2,778,105 shares of the company’s stock valued at $90,288,000 after acquiring an additional 1,363,726 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Capital Group International Core Equity ETF during the third quarter worth $33,358,000. Amplius Wealth Advisors LLC purchased a new stake in shares of Capital Group International Core Equity ETF during the third quarter valued at $31,311,000. Raymond James Financial Inc. boosted its stake in shares of Capital Group International Core Equity ETF by 112.8% during the third quarter. Raymond James Financial Inc. now owns 1,311,860 shares of the company’s stock valued at $40,418,000 after purchasing an additional 695,388 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Capital Group International Core Equity ETF by 2,075.0% in the second quarter. Osaic Holdings Inc. now owns 710,911 shares of the company’s stock worth $20,695,000 after purchasing an additional 678,225 shares during the last quarter.

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.