Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Significant Decline in Short Interest

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 18,600 shares, a decrease of 27.6% from the August 31st total of 25,700 shares. Based on an average daily volume of 237,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 237,400 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Capital Group International Core Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in shares of Capital Group International Core Equity ETF by 2,075.0% in the second quarter. Osaic Holdings Inc. now owns 710,911 shares of the company’s stock worth $20,695,000 after buying an additional 678,225 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Capital Group International Core Equity ETF by 35.6% in the 2nd quarter. Raymond James Financial Inc. now owns 616,472 shares of the company’s stock worth $17,946,000 after purchasing an additional 161,995 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Capital Group International Core Equity ETF in the 2nd quarter worth about $13,401,000. MML Investors Services LLC raised its stake in shares of Capital Group International Core Equity ETF by 107.2% in the 2nd quarter. MML Investors Services LLC now owns 396,490 shares of the company’s stock valued at $11,542,000 after purchasing an additional 205,118 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Capital Group International Core Equity ETF by 1,049.1% during the first quarter. Jane Street Group LLC now owns 393,141 shares of the company’s stock worth $10,214,000 after purchasing an additional 358,927 shares during the last quarter.

Capital Group International Core Equity ETF Price Performance

NYSEARCA:CGIC opened at $31.26 on Tuesday. Capital Group International Core Equity ETF has a 12 month low of $23.12 and a 12 month high of $31.31. The business’s 50-day moving average is $30.14 and its two-hundred day moving average is $28.51. The firm has a market capitalization of $612.70 million and a PE ratio of 15.77.

Capital Group International Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.079 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.32 annualized dividend and a yield of 1.0%.

About Capital Group International Core Equity ETF

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.