Capital Group International Equity ETF (NYSEARCA:CGIE) Shares Shorted: Short Interest Down 71.9% in September

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 96,424 shares, a decline of 71.9% from the September 15th total of 343,390 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 375,845 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group International Equity ETF Stock Performance

Shares of CGIE traded down $0.06 during trading hours on Monday, hitting $36.40. The stock had a trading volume of 138,030 shares, compared to its average volume of 498,396. The firm has a 50-day moving average price of $37.43 and a 200 day moving average price of $36.46. Capital Group International Equity ETF has a fifty-two week low of $32.52 and a fifty-two week high of $38.63. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 20.85 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its stake in Capital Group International Equity ETF by 23.2% in the 1st quarter. Cetera Investment Advisers now owns 2,356,485 shares of the company’s stock valued at $79,696,000 after acquiring an additional 444,030 shares during the period. IFP Advisors Inc raised its position in Capital Group International Equity ETF by 72.2% during the second quarter. IFP Advisors Inc now owns 62,784 shares of the company’s stock worth $2,309,000 after acquiring an additional 26,316 shares during the period. J. Derek Lewis & Associates Inc. acquired a new position in Capital Group International Equity ETF during the fourth quarter worth $2,054,000. Diversify Wealth Management LLC purchased a new position in Capital Group International Equity ETF during the first quarter valued at $681,000. Finally, Capital Analysts LLC lifted its holdings in Capital Group International Equity ETF by 56.6% during the second quarter. Capital Analysts LLC now owns 158,351 shares of the company’s stock valued at $5,825,000 after purchasing an additional 57,208 shares in the last quarter.

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.