Short Interest in Capital Group International Equity ETF (NYSEARCA:CGIE) Grows By 868.8%

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 244,735 shares, a growth of 868.8% from the July 30th total of 25,261 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 348,079 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Capital Group International Equity ETF

Large investors have recently made changes to their positions in the stock. Baird Financial Group Inc. boosted its position in shares of Capital Group International Equity ETF by 46.7% in the second quarter. Baird Financial Group Inc. now owns 47,119 shares of the company’s stock valued at $1,551,000 after acquiring an additional 14,991 shares during the period. NewEdge Advisors LLC lifted its stake in Capital Group International Equity ETF by 42.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock worth $71,000 after purchasing an additional 640 shares in the last quarter. Quantinno Capital Management LP bought a new position in Capital Group International Equity ETF in the 2nd quarter valued at $576,000. Raymond James Financial Inc. boosted its holdings in Capital Group International Equity ETF by 39.8% in the 2nd quarter. Raymond James Financial Inc. now owns 613,238 shares of the company’s stock valued at $20,188,000 after purchasing an additional 174,689 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Capital Group International Equity ETF by 71.9% during the 2nd quarter. Jane Street Group LLC now owns 269,737 shares of the company’s stock valued at $8,880,000 after purchasing an additional 112,794 shares in the last quarter.

Capital Group International Equity ETF Stock Performance

CGIE traded up $0.25 during midday trading on Tuesday, reaching $38.27. The company had a trading volume of 264,691 shares, compared to its average volume of 527,954. Capital Group International Equity ETF has a 12-month low of $32.37 and a 12-month high of $38.45. The business has a 50-day moving average price of $37.03 and a two-hundred day moving average price of $36.08. The stock has a market cap of $2.47 billion, a PE ratio of 20.85 and a beta of 0.63.

About Capital Group International Equity ETF

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.