Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Sees Significant Decrease in Short Interest

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 92,311 shares, a drop of 86.5% from the August 31st total of 682,122 shares. Based on an average daily trading volume, of 1,216,025 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Capital Group International Focus Equity ETF Stock Up 1.2%

CGXU traded up $0.42 during trading on Friday, reaching $35.05. 253,324 shares of the stock traded hands, compared to its average volume of 927,920. The stock’s 50-day moving average is $34.57 and its 200 day moving average is $33.31. Capital Group International Focus Equity ETF has a 12 month low of $28.14 and a 12 month high of $36.27. The stock has a market capitalization of $6.91 billion, a PE ratio of 17.44 and a beta of 0.95.

Capital Group International Focus Equity ETF Dividend Announcement

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

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of Capital Group International Focus Equity ETF by 20.6% during the 4th quarter. LPL Financial LLC now owns 13,849,090 shares of the company’s stock worth $409,241,000 after buying an additional 2,364,368 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group International Focus Equity ETF by 3.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,587,943 shares of the company’s stock worth $224,224,000 after acquiring an additional 257,468 shares in the last quarter. Royal Bank of Canada grew its holdings in Capital Group International Focus Equity ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 4,282,122 shares of the company’s stock worth $126,280,000 after purchasing an additional 152,742 shares during the period. Capital Group Private Client Services Inc. grew its holdings in Capital Group International Focus Equity ETF by 1.4% in the fourth quarter. Capital Group Private Client Services Inc. now owns 3,236,719 shares of the company’s stock worth $95,645,000 after purchasing an additional 44,188 shares during the period. Finally, Bank of America Corp DE increased its stake in Capital Group International Focus Equity ETF by 35.3% in the first quarter. Bank of America Corp DE now owns 2,854,990 shares of the company’s stock valued at $84,194,000 after purchasing an additional 744,144 shares in the last quarter.

About Capital Group International Focus Equity ETF

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.