Capital Group International Core Equity ETF (NYSEARCA:CGIC) Short Interest Update

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,534,706 shares, a growth of 1,085.1% from the May 14th total of 129,502 shares. Based on an average daily trading volume, of 827,400 shares, the short-interest ratio is presently 1.9 days. Approximately 3.2% of the shares of the company are sold short.

Capital Group International Core Equity ETF Price Performance

Shares of NYSEARCA:CGIC traded up $0.14 on Tuesday, reaching $35.91. The company’s stock had a trading volume of 591,193 shares, compared to its average volume of 554,711. The stock’s 50-day moving average is $35.35 and its two-hundred day moving average is $34.17. Capital Group International Core Equity ETF has a 52-week low of $28.17 and a 52-week high of $37.05. The stock has a market capitalization of $1.71 billion, a P/E ratio of 15.77 and a beta of 0.52.

Institutional Investors Weigh In On Capital Group International Core Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CGIC. Royal Bank of Canada raised its holdings in shares of Capital Group International Core Equity ETF by 730.7% in the first quarter. Royal Bank of Canada now owns 37,513 shares of the company’s stock valued at $975,000 after buying an additional 32,997 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Capital Group International Core Equity ETF by 1,049.1% in the first quarter. Jane Street Group LLC now owns 393,141 shares of the company’s stock valued at $10,214,000 after buying an additional 358,927 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Capital Group International Core Equity ETF by 140.8% in the second quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock valued at $38,000 after buying an additional 773 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group International Core Equity ETF by 35.6% in the second quarter. Raymond James Financial Inc. now owns 616,472 shares of the company’s stock valued at $17,946,000 after buying an additional 161,995 shares during the last quarter. Finally, Great Valley Advisor Group Inc. purchased a new stake in shares of Capital Group International Core Equity ETF in the second quarter valued at about $355,000.

Capital Group International Core Equity ETF Company Profile

The Capital Group International Core Equity ETF (CGIC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns by globally investing in companies, excluding those from the United States. CGIC was launched on Jun 25, 2024 and is issued by Capital Group.