Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Short Interest Up 103.3% in June

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 105,070 shares, an increase of 103.3% from the May 31st total of 51,674 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 70,719 shares, the short-interest ratio is presently 1.5 days.

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

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in Capital Group International Bond ETF (USD-Hedged) by 42,260.8% in the 1st quarter. Royal Bank of Canada now owns 66,930 shares of the company’s stock worth $1,699,000 after acquiring an additional 66,772 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Capital Group International Bond ETF (USD-Hedged) in the second quarter valued at $472,000. Main Street Financial Solutions LLC bought a new stake in Capital Group International Bond ETF (USD-Hedged) in the second quarter worth $228,000. Jane Street Group LLC purchased a new stake in Capital Group International Bond ETF (USD-Hedged) during the second quarter valued at $436,000. Finally, Osaic Holdings Inc. lifted its position in Capital Group International Bond ETF (USD-Hedged) by 2,097.0% during the second quarter. Osaic Holdings Inc. now owns 14,105 shares of the company’s stock valued at $356,000 after purchasing an additional 13,463 shares during the last quarter.

Capital Group International Bond ETF (USD-Hedged) Stock Up 0.0%

Shares of CGIB traded up $0.01 during midday trading on Tuesday, hitting $25.55. 102,258 shares of the company traded hands, compared to its average volume of 92,330. The firm has a 50 day moving average of $25.36 and a 200-day moving average of $25.39. Capital Group International Bond ETF has a 52 week low of $24.96 and a 52 week high of $27.23.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 29th will be given a $0.025 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, June 29th.

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.