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

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 45,435 shares, an increase of 118.8% from the November 30th total of 20,765 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 340,112 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 340,112 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Capital Group International Equity ETF Price Performance

Shares of NYSEARCA CGIE opened at $35.08 on Friday. Capital Group International Equity ETF has a one year low of $26.10 and a one year high of $35.11. The business’s 50-day moving average price is $34.35 and its two-hundred day moving average price is $33.52. The company has a market capitalization of $1.24 billion, a P/E ratio of 20.85 and a beta of 0.62.

Capital Group International Equity ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, December 29th. Investors of record on Friday, December 26th will be issued a $0.1341 dividend. The ex-dividend date is Friday, December 26th. This represents a yield of 76.0%.

Hedge Funds Weigh In On Capital Group International Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its position in Capital Group International Equity ETF by 215.4% in the first quarter. Raymond James Financial Inc. now owns 438,549 shares of the company’s stock worth $12,858,000 after acquiring an additional 299,494 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Capital Group International Equity ETF in the 1st quarter valued at $942,000. Royal Bank of Canada lifted its stake in shares of Capital Group International Equity ETF by 40.6% in the 1st quarter. Royal Bank of Canada now owns 345,639 shares of the company’s stock valued at $10,133,000 after purchasing an additional 99,830 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in Capital Group International Equity ETF in the first quarter worth $475,000. Finally, Dover Advisors LLC bought a new stake in Capital Group International Equity ETF in the second quarter worth $637,000.

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.