Short Interest in Capital Group International Core Equity ETF (NYSEARCA:CGIC) Declines By 91.5%

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 26,055 shares, a drop of 91.5% from the July 30th total of 305,976 shares. Based on an average trading volume of 378,072 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Capital Group International Core Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. grew its stake in Capital Group International Core Equity ETF by 57.4% in the 4th quarter. Greykasell Wealth Strategies Inc. now owns 886 shares of the company’s stock valued at $29,000 after buying an additional 323 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Capital Group International Core Equity ETF in the 1st quarter worth about $35,000. Arax Advisory Partners bought a new stake in shares of Capital Group International Core Equity ETF during the 4th quarter valued at about $35,000. JPMorgan Chase & Co. boosted its position in shares of Capital Group International Core Equity ETF by 140.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock valued at $38,000 after purchasing an additional 773 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in Capital Group International Core Equity ETF during the fourth quarter worth approximately $55,000.

Capital Group International Core Equity ETF Stock Performance

CGIC stock traded down $0.10 during mid-day trading on Wednesday, hitting $37.19. 167,320 shares of the company were exchanged, compared to its average volume of 549,227. The firm’s 50 day simple moving average is $36.26 and its 200 day simple moving average is $35.47. The firm has a market cap of $2.33 billion, a P/E ratio of 15.77 and a beta of 0.54. Capital Group International Core Equity ETF has a 1-year low of $29.44 and a 1-year high of $37.34.

About Capital Group International Core Equity ETF

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.