Capital Group International Equity ETF (NYSEARCA:CGIE) Shares Shorted: Short Interest Down 84.5% in October

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 15,982 shares, a decline of 84.5% from the October 15th total of 102,875 shares. Based on an average daily trading volume, of 426,213 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Capital Group International Equity ETF Stock Performance

NYSEARCA:CGIE traded up $0.05 during mid-day trading on Friday, hitting $36.38. The company had a trading volume of 669,556 shares, compared to its average volume of 494,736. Capital Group International Equity ETF has a fifty-two week low of $32.52 and a fifty-two week high of $38.63. The firm has a market cap of $2.48 billion, a P/E ratio of 20.85 and a beta of 0.66. The business’s fifty day moving average is $36.62 and its two-hundred day moving average is $36.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Group International Equity ETF in the first quarter worth approximately $30,000. Fifth Third Bancorp purchased a new stake in Capital Group International Equity ETF during the first quarter worth about $97,000. Sunbelt Securities Inc. raised its holdings in shares of Capital Group International Equity ETF by 84.5% in the 1st quarter. Sunbelt Securities Inc. now owns 3,323 shares of the company’s stock worth $112,000 after purchasing an additional 1,522 shares during the period. City Holding Co. purchased a new position in shares of Capital Group International Equity ETF during the 2nd quarter valued at $140,000. Finally, Integrated Wealth Concepts LLC bought a new position in Capital Group International Equity ETF during the second quarter worth about $184,000.

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.