Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Short Interest Up 607.0% in June

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 3,377,570 shares, a growth of 607.0% from the June 15th total of 477,722 shares. Based on an average daily volume of 969,976 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.8% of the shares of the stock are sold short.

Capital Group International Focus Equity ETF Stock Performance

CGXU traded up $0.12 on Friday, reaching $34.43. The company had a trading volume of 636,199 shares, compared to its average volume of 924,805. The business has a 50 day simple moving average of $34.21 and a 200 day simple moving average of $32.05. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 17.44 and a beta of 0.94. Capital Group International Focus Equity ETF has a 52-week low of $26.31 and a 52-week high of $36.27.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

A number of institutional investors have recently made changes to their positions in CGXU. Burford Brothers Inc. lifted its holdings in shares of Capital Group International Focus Equity ETF by 0.6% during the 1st quarter. Burford Brothers Inc. now owns 65,866 shares of the company’s stock worth $1,942,000 after acquiring an additional 362 shares during the last quarter. ST Germain D J Co. Inc. increased its stake in Capital Group International Focus Equity ETF by 3.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 11,707 shares of the company’s stock valued at $346,000 after acquiring an additional 368 shares during the last quarter. Essex Financial Services Inc. increased its stake in Capital Group International Focus Equity ETF by 1.2% in the fourth quarter. Essex Financial Services Inc. now owns 33,618 shares of the company’s stock valued at $993,000 after acquiring an additional 387 shares during the last quarter. Nautilus Advisors LLC raised its position in Capital Group International Focus Equity ETF by 3.1% during the fourth quarter. Nautilus Advisors LLC now owns 14,472 shares of the company’s stock valued at $428,000 after purchasing an additional 436 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Capital Group International Focus Equity ETF by 18.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,756 shares of the company’s stock valued at $81,000 after purchasing an additional 436 shares in the last quarter.

Capital Group International Focus Equity ETF Company Profile

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.