Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Short Interest Down 49.6% in May

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 387,222 shares, a drop of 49.6% from the April 30th total of 768,461 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 901,033 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Capital Group International Focus Equity ETF

Several hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in Capital Group International Focus Equity ETF by 20.6% in the fourth quarter. LPL Financial LLC now owns 13,849,090 shares of the company’s stock valued at $409,241,000 after acquiring an additional 2,364,368 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group International Focus Equity ETF by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,587,943 shares of the company’s stock valued at $224,224,000 after acquiring an additional 257,468 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Capital Group International Focus Equity ETF by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 5,817,543 shares of the company’s stock valued at $171,908,000 after acquiring an additional 221,029 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Capital Group International Focus Equity ETF by 0.9% in the fourth quarter. Raymond James Financial Inc. now owns 5,190,076 shares of the company’s stock valued at $153,367,000 after acquiring an additional 44,561 shares in the last quarter. Finally, UBS Group AG raised its holdings in Capital Group International Focus Equity ETF by 4.5% in the fourth quarter. UBS Group AG now owns 5,061,926 shares of the company’s stock valued at $149,580,000 after acquiring an additional 218,918 shares in the last quarter.

Capital Group International Focus Equity ETF Trading Up 2.3%

NYSEARCA:CGXU traded up $0.79 during mid-day trading on Monday, hitting $35.67. The stock had a trading volume of 915,381 shares, compared to its average volume of 916,253. The stock has a 50-day simple moving average of $31.74 and a two-hundred day simple moving average of $31.03. The company has a market capitalization of $6.17 billion, a PE ratio of 17.44 and a beta of 0.93. Capital Group International Focus Equity ETF has a twelve month low of $26.08 and a twelve month high of $35.78.

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.