Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Up 395.3% in May

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 356,645 shares, an increase of 395.3% from the April 30th total of 72,011 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 546,573 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Capital Group International Equity ETF

Hedge funds have recently modified their holdings of the business. SHP Wealth Management acquired a new stake in shares of Capital Group International Equity ETF during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC acquired a new stake in Capital Group International Equity ETF in the 1st quarter valued at approximately $30,000. Allworth Financial LP acquired a new stake in Capital Group International Equity ETF in the 3rd quarter valued at approximately $35,000. Harbor Investment Advisory LLC acquired a new stake in Capital Group International Equity ETF in the 4th quarter valued at approximately $42,000. Finally, Sunbelt Securities Inc. acquired a new stake in Capital Group International Equity ETF in the 3rd quarter valued at approximately $61,000.

Capital Group International Equity ETF Trading Up 0.3%

Shares of NYSEARCA CGIE traded up $0.10 during mid-day trading on Thursday, reaching $36.52. 315,331 shares of the company’s stock were exchanged, compared to its average volume of 596,493. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 20.85 and a beta of 0.66. The business has a fifty day simple moving average of $35.17 and a 200 day simple moving average of $35.26. Capital Group International Equity ETF has a twelve month low of $31.60 and a twelve month high of $37.07.

About Capital Group International Equity ETF

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.