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

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 234,943 shares, an increase of 22.1% from the February 26th total of 192,434 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 645,311 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Capital Group International Equity ETF

A number of large investors have recently modified their holdings of the company. Morgan Stanley raised its holdings in Capital Group International Equity ETF by 27.6% during the fourth quarter. Morgan Stanley now owns 2,190,697 shares of the company’s stock worth $76,280,000 after buying an additional 473,919 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Capital Group International Equity ETF by 49.2% during the fourth quarter. LPL Financial LLC now owns 2,081,808 shares of the company’s stock valued at $72,489,000 after buying an additional 686,514 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Capital Group International Equity ETF during the fourth quarter worth about $70,727,000. Cetera Investment Advisers raised its holdings in shares of Capital Group International Equity ETF by 20.3% in the 4th quarter. Cetera Investment Advisers now owns 1,912,455 shares of the company’s stock worth $66,592,000 after acquiring an additional 322,321 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Capital Group International Equity ETF by 21.2% in the 4th quarter. UBS Group AG now owns 1,900,865 shares of the company’s stock worth $66,188,000 after acquiring an additional 332,597 shares during the last quarter.

Capital Group International Equity ETF Stock Performance

Capital Group International Equity ETF stock traded up $0.03 during mid-day trading on Monday, reaching $32.62. The stock had a trading volume of 712,498 shares, compared to its average volume of 661,616. Capital Group International Equity ETF has a fifty-two week low of $26.10 and a fifty-two week high of $37.07. The stock’s 50-day simple moving average is $35.53 and its 200-day simple moving average is $34.81. The firm has a market capitalization of $1.57 billion, a PE ratio of 20.85 and a beta of 0.62.

Capital Group International Equity ETF Company Profile

The Capital Group International Equity ETF (CGIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of non-US companies. The objective centers on identifying companies believed to have the potential for growth. CGIE was launched on Sep 26, 2023 and is issued by Capital Group.