Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Short Interest Down 86.9% in August

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 682,122 shares, a drop of 86.9% from the August 15th total of 5,191,198 shares. Based on an average daily volume of 803,052 shares, the short-interest ratio is presently 0.8 days. Approximately 0.4% of the shares of the stock are sold short.

Capital Group International Focus Equity ETF Stock Performance

CGXU traded up $0.47 on Friday, hitting $35.34. 643,953 shares of the company were exchanged, compared to its average volume of 934,977. The business’s fifty day moving average is $34.41 and its 200 day moving average is $33.07. Capital Group International Focus Equity ETF has a fifty-two week low of $28.14 and a fifty-two week high of $36.27. The firm has a market capitalization of $6.58 billion, a P/E ratio of 17.44 and a beta of 0.95.

Capital Group International Focus Equity ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.4123 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a dividend yield of 238.0%.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CGXU. LPL Financial LLC boosted its position in Capital Group International Focus Equity ETF by 20.6% during the fourth quarter. LPL Financial LLC now owns 13,849,090 shares of the company’s stock worth $409,241,000 after purchasing an additional 2,364,368 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group International Focus Equity ETF by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,587,943 shares of the company’s stock valued at $224,224,000 after buying an additional 257,468 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Capital Group International Focus Equity ETF by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,817,543 shares of the company’s stock valued at $171,908,000 after buying an additional 221,029 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Capital Group International Focus Equity ETF by 0.9% during the 4th quarter. Raymond James Financial Inc. now owns 5,190,076 shares of the company’s stock worth $153,367,000 after buying an additional 44,561 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Capital Group International Focus Equity ETF by 7.7% during the 4th quarter. Morgan Stanley now owns 4,704,190 shares of the company’s stock worth $139,009,000 after buying an additional 335,237 shares during the last quarter.

Capital Group International Focus Equity ETF Company Profile

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.