Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Large Drop in Short Interest

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 26,055 shares, a decline of 91.5% from the July 30th total of 305,976 shares. Based on an average daily volume of 378,072 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC raised its stake in Capital Group International Core Equity ETF by 96.4% during the 4th quarter. LPL Financial LLC now owns 2,778,105 shares of the company’s stock worth $90,288,000 after acquiring an additional 1,363,726 shares during the period. Osaic Holdings Inc. boosted its position in shares of Capital Group International Core Equity ETF by 14.8% in the fourth quarter. Osaic Holdings Inc. now owns 2,368,482 shares of the company’s stock worth $76,976,000 after purchasing an additional 304,526 shares during the period. Royal Bank of Canada boosted its position in shares of Capital Group International Core Equity ETF by 111.5% in the first quarter. Royal Bank of Canada now owns 1,733,573 shares of the company’s stock worth $57,398,000 after purchasing an additional 914,088 shares during the period. Capital Group Private Client Services Inc. increased its stake in shares of Capital Group International Core Equity ETF by 44.0% in the fourth quarter. Capital Group Private Client Services Inc. now owns 1,642,755 shares of the company’s stock worth $53,390,000 after purchasing an additional 502,242 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Capital Group International Core Equity ETF by 112.8% in the third quarter. Raymond James Financial Inc. now owns 1,311,860 shares of the company’s stock worth $40,418,000 after purchasing an additional 695,388 shares in the last quarter.

Capital Group International Core Equity ETF Stock Up 0.8%

CGIC traded up $0.31 during midday trading on Tuesday, reaching $37.29. The company had a trading volume of 367,641 shares, compared to its average volume of 551,631. The business has a 50-day moving average of $36.26 and a two-hundred day moving average of $35.47. The company has a market cap of $2.34 billion, a P/E ratio of 15.77 and a beta of 0.54. Capital Group International Core Equity ETF has a 1 year low of $29.44 and a 1 year high of $37.30.

Capital Group International Core Equity ETF Company Profile

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.