Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Down 62.6% in June

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 40,898 shares, a decrease of 62.6% from the May 31st total of 109,347 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 471,998 shares, the short-interest ratio is presently 0.1 days.

Capital Group International Equity ETF Stock Down 0.6%

Shares of NYSEARCA CGIE opened at $36.37 on Friday. The firm’s 50-day moving average price is $36.15 and its 200-day moving average price is $35.62. The company has a market cap of $2.10 billion, a PE ratio of 20.85 and a beta of 0.65. Capital Group International Equity ETF has a 52-week low of $31.60 and a 52-week high of $37.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in Capital Group International Equity ETF by 9.6% in the 3rd quarter. Comerica Bank now owns 3,526 shares of the company’s stock worth $119,000 after purchasing an additional 309 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Capital Group International Equity ETF by 42.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock valued at $71,000 after buying an additional 640 shares during the period. Investmark Advisory Group LLC boosted its stake in shares of Capital Group International Equity ETF by 9.0% in the 4th quarter. Investmark Advisory Group LLC now owns 9,060 shares of the company’s stock worth $315,000 after buying an additional 748 shares during the last quarter. SHP Wealth Management purchased a new position in shares of Capital Group International Equity ETF in the 4th quarter worth $30,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Capital Group International Equity ETF in the 1st quarter worth $30,000.

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.