Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Stock Short Interest Report for October

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,302,179 shares, an increase of 172.8% from the September 30th total of 843,881 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,012,491 shares, the days-to-cover ratio is currently 2.3 days.

Capital Group International Focus Equity ETF Price Performance

Shares of CGXU traded down $0.92 during midday trading on Friday, hitting $31.38. 1,147,999 shares of the company traded hands, compared to its average volume of 954,791. The stock has a 50-day moving average of $34.21 and a 200-day moving average of $32.98. The firm has a market cap of $6.36 billion, a P/E ratio of 17.44 and a beta of 0.95. Capital Group International Focus Equity ETF has a one year low of $28.14 and a one year high of $36.27.

Institutional Investors Weigh In On Capital Group International Focus Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Summit Investment Advisory Services LLC lifted its position in Capital Group International Focus Equity ETF by 2,182.9% during the first quarter. Summit Investment Advisory Services LLC now owns 850,782 shares of the company’s stock valued at $25,090,000 after purchasing an additional 813,514 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Capital Group International Focus Equity ETF by 35.3% in the first quarter. Bank of America Corp DE now owns 2,854,990 shares of the company’s stock valued at $84,194,000 after purchasing an additional 744,144 shares during the period. Cooper Financial Group purchased a new stake in Capital Group International Focus Equity ETF in the second quarter worth about $23,002,000. Corient Private Wealth LP boosted its position in Capital Group International Focus Equity ETF by 95.5% during the 2nd quarter. Corient Private Wealth LP now owns 866,140 shares of the company’s stock valued at $29,996,000 after acquiring an additional 423,136 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Capital Group International Focus Equity ETF by 20.0% during the first quarter. Sei Investments Co. now owns 2,484,824 shares of the company’s stock valued at $73,278,000 after buying an additional 414,959 shares during the last quarter.

About Capital Group International Focus Equity ETF

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.