Capital Group International Core Equity ETF (NYSEARCA:CGIC) Shares Shorted: Short Interest Up 614.9% in September

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 394,093 shares, an increase of 614.9% from the August 31st total of 55,125 shares. Based on an average trading volume of 392,983 shares, the short-interest ratio is currently 1.0 days. Currently, 0.6% of the shares of the stock are short sold.

Capital Group International Core Equity ETF Stock Down 0.3%

Shares of NYSEARCA:CGIC traded down $0.12 during trading on Thursday, hitting $36.41. 438,674 shares of the company were exchanged, compared to its average volume of 534,382. The company has a market capitalization of $2.54 billion, a P/E ratio of 15.77 and a beta of 0.54. Capital Group International Core Equity ETF has a 1-year low of $30.27 and a 1-year high of $37.48. The business’s 50 day moving average is $36.54 and its 200-day moving average is $35.71.

Capital Group International Core Equity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a $0.3460 dividend. This is an increase from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.0216. The ex-dividend date was Tuesday, June 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of Capital Group International Core Equity ETF by 239.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 149,532 shares of the company’s stock valued at $5,441,000 after acquiring an additional 105,513 shares during the period. Envestnet Asset Management Inc. raised its stake in Capital Group International Core Equity ETF by 214.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,745,663 shares of the company’s stock worth $136,305,000 after buying an additional 2,553,197 shares during the period. Capital Analysts LLC lifted its holdings in shares of Capital Group International Core Equity ETF by 101.3% in the 2nd quarter. Capital Analysts LLC now owns 24,838 shares of the company’s stock worth $904,000 after purchasing an additional 12,497 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of Capital Group International Core Equity ETF by 68.0% in the second quarter. Integrated Wealth Concepts LLC now owns 10,941 shares of the company’s stock valued at $398,000 after buying an additional 4,428 shares in the last quarter. Finally, RFG Advisory LLC lifted its position in Capital Group International Core Equity ETF by 546.6% in the 2nd quarter. RFG Advisory LLC now owns 40,266 shares of the company’s stock valued at $1,465,000 after acquiring an additional 34,039 shares in the last quarter.

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.