Capital Group International Core Equity ETF (NYSEARCA:CGIC) Stock Short Interest Declines 80.2%

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 62,806 shares, a decline of 80.2% from the October 15th total of 317,462 shares. Based on an average trading volume of 445,365 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Capital Group International Core Equity ETF Stock Performance

CGIC traded down $0.07 on Friday, reaching $35.13. 284,217 shares of the company’s stock were exchanged, compared to its average volume of 522,242. The company’s 50 day moving average is $35.79 and its 200-day moving average is $35.58. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 15.77 and a beta of 0.58. Capital Group International Core Equity ETF has a twelve month low of $30.42 and a twelve month high of $37.48.

Capital Group International Core Equity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were given a dividend of $0.1298 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.5%. This is a negative change from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.3460. The ex-dividend date of this dividend was Wednesday, September 30th.

Institutional Investors Weigh In On Capital Group International Core Equity ETF

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its stake in shares of Capital Group International Core Equity ETF by 9.2% in the 2nd quarter. NewEdge Advisors LLC now owns 576,001 shares of the company’s stock valued at $20,961,000 after acquiring an additional 48,584 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Capital Group International Core Equity ETF by 380.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 31,030 shares of the company’s stock valued at $1,027,000 after acquiring an additional 24,570 shares in the last quarter. Acorn Wealth Advisors LLC lifted its holdings in shares of Capital Group International Core Equity ETF by 11.6% during the 2nd quarter. Acorn Wealth Advisors LLC now owns 174,302 shares of the company’s stock valued at $6,343,000 after acquiring an additional 18,095 shares in the last quarter. NWF Advisory Services Inc. boosted its position in Capital Group International Core Equity ETF by 55.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 74,066 shares of the company’s stock worth $2,695,000 after purchasing an additional 26,347 shares during the period. Finally, RFG Advisory LLC boosted its position in Capital Group International Core Equity ETF by 546.6% during the 2nd quarter. RFG Advisory LLC now owns 40,266 shares of the company’s stock worth $1,465,000 after purchasing an additional 34,039 shares during the period.

Capital Group International Core Equity ETF Company Profile

The Capital Group International Core Equity ETF (CGIC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns by globally investing in companies, excluding those from the United States. CGIC was launched on Jun 25, 2024 and is issued by Capital Group.