Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Sees Large Increase in Short Interest

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 5,191,198 shares, an increase of 521.2% from the July 30th total of 835,623 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 807,650 shares, the short-interest ratio is currently 6.4 days.

Capital Group International Focus Equity ETF Trading Up 1.3%

Shares of NYSEARCA CGXU opened at $35.23 on Wednesday. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 17.44 and a beta of 0.95. Capital Group International Focus Equity ETF has a one year low of $27.63 and a one year high of $36.27. The business has a fifty day simple moving average of $34.36 and a 200 day simple moving average of $32.81.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

A number of hedge funds have recently made changes to their positions in the business. Burford Brothers Inc. increased its holdings in shares of Capital Group International Focus Equity ETF by 0.6% in the first quarter. Burford Brothers Inc. now owns 65,866 shares of the company’s stock worth $1,942,000 after acquiring an additional 362 shares in the last quarter. Essex Financial Services Inc. raised its position in shares of Capital Group International Focus Equity ETF by 1.2% during the fourth quarter. Essex Financial Services Inc. now owns 33,618 shares of the company’s stock worth $993,000 after purchasing an additional 387 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Capital Group International Focus Equity ETF by 18.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,756 shares of the company’s stock valued at $81,000 after purchasing an additional 436 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Capital Group International Focus Equity ETF by 1.3% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 36,490 shares of the company’s stock valued at $1,078,000 after purchasing an additional 461 shares in the last quarter. Finally, Compound Planning Inc. grew its position in shares of Capital Group International Focus Equity ETF by 1.9% in the 4th quarter. Compound Planning Inc. now owns 27,418 shares of the company’s stock valued at $810,000 after purchasing an additional 508 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.