Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Stock Short Interest Drops 51.0%

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 39,267 shares, a drop of 51.0% from the August 31st total of 80,202 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 108,178 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Capital Analysts LLC grew its position in shares of Capital Group International Bond ETF (USD-Hedged) by 268.0% during the second quarter. Capital Analysts LLC now owns 31,318 shares of the company’s stock worth $800,000 after buying an additional 22,807 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Capital Group International Bond ETF (USD-Hedged) in the first quarter valued at $595,000. Ameritas Advisory Services LLC bought a new position in Capital Group International Bond ETF (USD-Hedged) during the 2nd quarter valued at $590,000. Janney Montgomery Scott LLC boosted its stake in Capital Group International Bond ETF (USD-Hedged) by 92.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 257,602 shares of the company’s stock valued at $6,501,000 after acquiring an additional 123,689 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Capital Group International Bond ETF (USD-Hedged) by 24.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,412,532 shares of the company’s stock worth $36,062,000 after acquiring an additional 276,881 shares in the last quarter.

Capital Group International Bond ETF (USD-Hedged) Stock Performance

Capital Group International Bond ETF (USD-Hedged) stock traded down $0.03 during midday trading on Wednesday, hitting $24.86. 92,823 shares of the stock were exchanged, compared to its average volume of 102,597. Capital Group International Bond ETF has a 1 year low of $24.83 and a 1 year high of $26.41. The company has a 50 day moving average price of $25.22 and a two-hundred day moving average price of $25.29.

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

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.0250 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 29th.

Capital Group International Bond ETF (USD-Hedged) Company Profile

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.