Short Interest in Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Drops By 70.9%

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 51,674 shares, a decrease of 70.9% from the May 14th total of 177,372 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 119,919 shares, the days-to-cover ratio is currently 0.4 days.

Capital Group International Bond ETF (USD-Hedged) Stock Up 0.4%

Shares of NYSEARCA:CGIB traded up $0.10 during mid-day trading on Thursday, hitting $25.40. The stock had a trading volume of 53,955 shares, compared to its average volume of 94,010. Capital Group International Bond ETF has a 12-month low of $24.96 and a 12-month high of $27.23. The company’s 50 day moving average is $25.28 and its 200-day moving average is $25.39.

Capital Group International Bond ETF (USD-Hedged) Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 29th were given a $0.0253 dividend. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 29th. This is a positive change from Capital Group International Bond ETF (USD-Hedged)’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On Capital Group International Bond ETF (USD-Hedged)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Security Financial Services INC. lifted its position in Capital Group International Bond ETF (USD-Hedged) by 23.7% in the 1st quarter. Security Financial Services INC. now owns 16,664 shares of the company’s stock worth $421,000 after buying an additional 3,193 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the 1st quarter worth approximately $209,000. Royal Bank of Canada lifted its position in Capital Group International Bond ETF (USD-Hedged) by 8.2% in the 1st quarter. Royal Bank of Canada now owns 108,697 shares of the company’s stock worth $2,743,000 after buying an additional 8,275 shares in the last quarter. Sei Investments Co. lifted its position in Capital Group International Bond ETF (USD-Hedged) by 29.8% in the 1st quarter. Sei Investments Co. now owns 89,348 shares of the company’s stock worth $2,255,000 after buying an additional 20,501 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Capital Group International Bond ETF (USD-Hedged) by 80.0% in the 1st quarter. Cetera Investment Advisers now owns 86,450 shares of the company’s stock worth $2,182,000 after buying an additional 38,429 shares in the last quarter.

About Capital Group International Bond ETF (USD-Hedged)

The Capital Group International Bond ETF (USD-Hedged) (CGIB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high-level of current income and capital preservation by actively investing in global debt securities with broad credit ratings and maturities. CGIB was launched on Jun 25, 2024 and is issued by Capital Group.