Capital Group International Equity ETF (NYSEARCA:CGIE) Sees Large Decline in Short Interest

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 109,347 shares, a decline of 69.3% from the May 14th total of 356,645 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 462,892 shares, the days-to-cover ratio is currently 0.2 days.

Capital Group International Equity ETF Stock Up 0.7%

Shares of CGIE stock traded up $0.26 during trading on Thursday, reaching $35.74. 192,787 shares of the company’s stock were exchanged, compared to its average volume of 581,626. The stock has a market capitalization of $2.07 billion, a PE ratio of 20.85 and a beta of 0.65. Capital Group International Equity ETF has a twelve month low of $31.60 and a twelve month high of $37.07. The firm’s fifty day moving average price is $35.73 and its 200-day moving average price is $35.41.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. DAVENPORT & Co LLC acquired a new position in shares of Capital Group International Equity ETF during the 4th quarter worth approximately $601,000. Smith Moore & CO. acquired a new position in shares of Capital Group International Equity ETF during the 4th quarter worth approximately $607,000. KWB Wealth increased its holdings in shares of Capital Group International Equity ETF by 38.4% during the 4th quarter. KWB Wealth now owns 217,345 shares of the company’s stock worth $7,568,000 after acquiring an additional 60,346 shares during the last quarter. LVW Advisors LLC increased its holdings in shares of Capital Group International Equity ETF by 6.9% during the 4th quarter. LVW Advisors LLC now owns 766,998 shares of the company’s stock worth $26,707,000 after acquiring an additional 49,448 shares during the last quarter. Finally, Warner Financial Inc. acquired a new position in shares of Capital Group International Equity ETF during the 4th quarter worth approximately $848,000.

Capital Group International Equity ETF Company Profile

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.