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

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 25,261 shares, a drop of 67.9% from the July 15th total of 78,694 shares. Based on an average daily trading volume, of 421,004 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of Capital Group International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in Capital Group International Equity ETF by 46.7% during the second quarter. Baird Financial Group Inc. now owns 47,119 shares of the company’s stock worth $1,551,000 after purchasing an additional 14,991 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Capital Group International Equity ETF by 42.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock valued at $71,000 after purchasing an additional 640 shares in the last quarter. Quantinno Capital Management LP acquired a new position in Capital Group International Equity ETF during the 2nd quarter worth approximately $576,000. Raymond James Financial Inc. increased its position in Capital Group International Equity ETF by 39.8% during the 2nd quarter. Raymond James Financial Inc. now owns 613,238 shares of the company’s stock worth $20,188,000 after purchasing an additional 174,689 shares during the period. Finally, Jane Street Group LLC increased its position in Capital Group International Equity ETF by 71.9% during the 2nd quarter. Jane Street Group LLC now owns 269,737 shares of the company’s stock worth $8,880,000 after purchasing an additional 112,794 shares during the period.

Capital Group International Equity ETF Stock Performance

Shares of CGIE opened at $38.31 on Friday. The stock has a market capitalization of $2.47 billion, a P/E ratio of 20.85 and a beta of 0.63. Capital Group International Equity ETF has a 1 year low of $32.37 and a 1 year high of $38.45. The company’s fifty day moving average is $36.81 and its two-hundred day moving average is $36.00.

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.