Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Sees Large Drop in Short Interest

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 56,324 shares, a drop of 32.4% from the December 31st total of 83,360 shares. Based on an average daily volume of 55,116 shares, the short-interest ratio is presently 1.0 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 55,116 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Capital Group International Bond ETF (USD-Hedged)

Several large investors have recently added to or reduced their stakes in CGIB. Comerica Bank purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the 4th quarter valued at about $44,000. Cullen Frost Bankers Inc. purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the second quarter valued at approximately $54,000. Geneos Wealth Management Inc. purchased a new stake in shares of Capital Group International Bond ETF (USD-Hedged) during the 4th quarter valued at $61,000. Assetmark Inc. acquired a new stake in Capital Group International Bond ETF (USD-Hedged) during the second quarter worth about $141,000. Finally, Main Street Financial Solutions LLC purchased a new stake in shares of Capital Group International Bond ETF (USD-Hedged) during the 2nd quarter worth about $228,000.

Capital Group International Bond ETF (USD-Hedged) Stock Performance

Shares of CGIB traded down $0.07 on Friday, hitting $25.48. 72,181 shares of the stock traded hands, compared to its average volume of 80,449. Capital Group International Bond ETF has a 1 year low of $25.04 and a 1 year high of $27.23. The stock’s 50 day moving average is $25.44 and its two-hundred day moving average is $25.38.

Capital Group International Bond ETF (USD-Hedged) Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be issued a dividend of $0.025 per share. The ex-dividend date is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 1.2%.

About Capital Group International Bond ETF (USD-Hedged)

The Capital Group International Bond ETF (USD-Hedged) (CGIB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high-level of current income and capital preservation by actively investing in global debt securities with broad credit ratings and maturities. CGIB was launched on Jun 25, 2024 and is issued by Capital Group.