Short Interest in Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Increases By 607.0%

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 3,377,570 shares, an increase of 607.0% from the June 15th total of 477,722 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 969,976 shares, the short-interest ratio is currently 3.5 days.

Institutional Trading of Capital Group International Focus Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in shares of Capital Group International Focus Equity ETF by 32.5% in the 2nd quarter. Sei Investments Co. now owns 1,346,418 shares of the company’s stock valued at $36,528,000 after purchasing an additional 330,454 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Capital Group International Focus Equity ETF by 84.8% during the second quarter. Jane Street Group LLC now owns 478,812 shares of the company’s stock valued at $12,990,000 after purchasing an additional 219,662 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Capital Group International Focus Equity ETF by 14.7% during the second quarter. Bank of America Corp DE now owns 1,574,420 shares of the company’s stock valued at $42,714,000 after purchasing an additional 201,744 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Capital Group International Focus Equity ETF by 114.4% during the second quarter. Great Valley Advisor Group Inc. now owns 59,646 shares of the company’s stock valued at $1,618,000 after purchasing an additional 31,832 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in Capital Group International Focus Equity ETF by 2.0% during the second quarter. MML Investors Services LLC now owns 1,005,152 shares of the company’s stock valued at $27,270,000 after buying an additional 20,038 shares during the period.

Capital Group International Focus Equity ETF Price Performance

Shares of CGXU stock traded down $0.65 during mid-day trading on Monday, hitting $33.78. The stock had a trading volume of 142,209 shares, compared to its average volume of 918,180. Capital Group International Focus Equity ETF has a 12-month low of $26.31 and a 12-month high of $36.27. The firm has a market capitalization of $6.19 billion, a P/E ratio of 17.44 and a beta of 0.94. The firm’s 50-day moving average is $34.21 and its two-hundred day moving average is $32.05.

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.