Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Short Interest Up 72.0% in July

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 150,289 shares, a growth of 72.0% from the June 30th total of 87,365 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average trading volume of 96,900 shares, the days-to-cover ratio is presently 1.6 days.

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

Shares of CGIB stock opened at $25.27 on Friday. Capital Group International Bond ETF has a 1 year low of $24.96 and a 1 year high of $26.41. The firm has a fifty day moving average price of $25.41 and a 200-day moving average price of $25.39.

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

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be issued a dividend of $0.025 per share. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, July 31st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Composition Wealth LLC bought a new position in shares of Capital Group International Bond ETF (USD-Hedged) in the fourth quarter worth approximately $35,454,000. Wells Fargo & Company MN lifted its stake in shares of Capital Group International Bond ETF (USD-Hedged) by 429.5% during the 4th quarter. Wells Fargo & Company MN now owns 975,099 shares of the company’s stock valued at $24,729,000 after buying an additional 790,948 shares in the last quarter. HighTower Advisors LLC bought a new position in Capital Group International Bond ETF (USD-Hedged) in the 4th quarter worth $9,376,000. Kestra Investment Management LLC purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the 4th quarter worth $7,985,000. Finally, Janney Montgomery Scott LLC raised its holdings in Capital Group International Bond ETF (USD-Hedged) by 92.4% during the first 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 period.

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.