Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Stock Short Interest Climbs 172.8%

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 2,302,179 shares, a growth of 172.8% from the September 30th total of 843,881 shares. Based on an average daily trading volume, of 1,012,491 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.1% of the shares of the company are short sold.

Capital Group International Focus Equity ETF Stock Performance

Shares of NYSEARCA:CGXU traded down $0.32 on Thursday, hitting $32.30. The company’s stock had a trading volume of 1,039,824 shares, compared to its average volume of 954,804. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 17.44 and a beta of 0.95. Capital Group International Focus Equity ETF has a 12 month low of $28.14 and a 12 month high of $36.27. The stock’s 50-day moving average is $34.26 and its two-hundred day moving average is $32.97.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Capital Group International Focus Equity ETF by 3.7% during the first quarter. Royal Bank of Canada now owns 4,282,122 shares of the company’s stock worth $126,280,000 after buying an additional 152,742 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Capital Group International Focus Equity ETF by 35.3% in the 1st 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 during the period. Sei Investments Co. increased its stake in Capital Group International Focus Equity ETF by 20.0% in the 1st quarter. Sei Investments Co. now owns 2,484,824 shares of the company’s stock worth $73,278,000 after purchasing an additional 414,959 shares in the last quarter. Inspirion Wealth Advisors LLC increased its stake in Capital Group International Focus Equity ETF by 1.7% in the 3rd quarter. Inspirion Wealth Advisors LLC now owns 2,099,464 shares of the company’s stock worth $71,991,000 after purchasing an additional 36,086 shares in the last quarter. Finally, Eclectic Associates Inc. ADV raised its holdings in Capital Group International Focus Equity ETF by 1.8% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 1,740,707 shares of the company’s stock worth $59,690,000 after buying an additional 30,926 shares during the period.

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.