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

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 356,645 shares, a growth of 395.3% from the April 30th total of 72,011 shares. Based on an average trading volume of 546,573 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are sold short.

Capital Group International Equity ETF Price Performance

Shares of CGIE stock traded up $0.01 during mid-day trading on Friday, hitting $36.53. The stock had a trading volume of 364,407 shares, compared to its average volume of 594,218. Capital Group International Equity ETF has a fifty-two week low of $31.60 and a fifty-two week high of $37.07. The firm has a market cap of $2.11 billion, a PE ratio of 20.85 and a beta of 0.66. The company’s 50-day simple moving average is $35.25 and its 200-day simple moving average is $35.29.

Institutional Trading of Capital Group International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Security Financial Services INC. lifted its stake in shares of Capital Group International Equity ETF by 3.4% in the first quarter. Security Financial Services INC. now owns 106,649 shares of the company’s stock valued at $3,607,000 after purchasing an additional 3,479 shares during the period. Bank of America Corp DE lifted its stake in shares of Capital Group International Equity ETF by 90.6% in the first quarter. Bank of America Corp DE now owns 1,709,080 shares of the company’s stock valued at $57,801,000 after purchasing an additional 812,205 shares during the period. Ashton Thomas Securities LLC lifted its stake in shares of Capital Group International Equity ETF by 140.2% in the first quarter. Ashton Thomas Securities LLC now owns 34,950 shares of the company’s stock valued at $1,182,000 after purchasing an additional 20,400 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Capital Group International Equity ETF by 84.5% in the first quarter. Sunbelt Securities Inc. now owns 3,323 shares of the company’s stock valued at $112,000 after purchasing an additional 1,522 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group International Equity ETF in the first quarter valued at about $30,000.

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.