Short Interest in Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Decreases By 38.1%

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 83,360 shares, a drop of 38.1% from the December 15th total of 134,637 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 55,017 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 55,017 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.3% of the shares of the company are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the third quarter worth about $13,477,000. Merit Financial Group LLC purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the 3rd quarter worth approximately $8,317,000. Envestnet Asset Management Inc. raised its stake in Capital Group International Bond ETF (USD-Hedged) by 116.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 148,933 shares of the company’s stock worth $3,781,000 after acquiring an additional 79,983 shares during the period. Royal Bank of Canada lifted its holdings in Capital Group International Bond ETF (USD-Hedged) by 42,260.8% during the first quarter. Royal Bank of Canada now owns 66,930 shares of the company’s stock valued at $1,699,000 after purchasing an additional 66,772 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Capital Group International Bond ETF (USD-Hedged) by 128.2% during the third quarter. Sei Investments Co. now owns 42,720 shares of the company’s stock valued at $1,085,000 after purchasing an additional 23,996 shares in the last quarter.

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

NYSEARCA CGIB traded down $0.04 during trading hours on Friday, hitting $25.47. 26,593 shares of the company’s stock traded hands, compared to its average volume of 50,634. Capital Group International Bond ETF has a 52 week low of $25.04 and a 52 week high of $27.23. The business’s fifty day moving average price is $25.45 and its two-hundred day moving average price is $25.35.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.0931 dividend. This is a positive change from Capital Group International Bond ETF (USD-Hedged)’s previous monthly dividend of $0.02. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 4.4%.

Capital Group International Bond ETF (USD-Hedged) Company Profile

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.