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

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

Institutional Investors Weigh In On Capital Group International Equity ETF

Several large investors have recently made changes to their positions in CGIE. Bank of New York Mellon Corp lifted its position in shares of Capital Group International Equity ETF by 112.0% in the first quarter. Bank of New York Mellon Corp now owns 4,306,342 shares of the company’s stock worth $145,640,000 after buying an additional 2,275,135 shares in the last quarter. Cetera Investment Advisers grew its holdings in Capital Group International Equity ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 2,356,485 shares of the company’s stock valued at $79,696,000 after buying an additional 444,030 shares in the last quarter. Morgan Stanley increased its stake in Capital Group International Equity ETF by 27.6% in the 4th quarter. Morgan Stanley now owns 2,190,697 shares of the company’s stock worth $76,280,000 after acquiring an additional 473,919 shares during the last quarter. LPL Financial LLC increased its stake in Capital Group International Equity ETF by 49.2% in the 4th quarter. LPL Financial LLC now owns 2,081,808 shares of the company’s stock worth $72,489,000 after acquiring an additional 686,514 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Capital Group International Equity ETF by 43.3% in the 1st quarter. Royal Bank of Canada now owns 2,025,906 shares of the company’s stock worth $68,516,000 after acquiring an additional 611,671 shares during the last quarter.

Capital Group International Equity ETF Stock Down 0.2%

NYSEARCA CGIE traded down $0.06 on Friday, reaching $38.31. The company had a trading volume of 325,200 shares, compared to its average volume of 537,730. The stock has a market capitalization of $2.47 billion, a PE ratio of 20.85 and a beta of 0.63. Capital Group International Equity ETF has a 12 month low of $32.37 and a 12 month high of $38.45. The firm’s 50 day moving average price is $36.81 and its 200 day moving average price is $36.00.

Capital Group International Equity ETF Company Profile

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.