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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) saw a large decline in short interest in January. As of January 15th, there was short interest totaling 43,565 shares, a decline of 30.3% from the December 31st total of 62,533 shares. Based on an average daily volume of 487,221 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 487,221 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. raised its stake in shares of Capital Group International Core Equity ETF by 112.8% in the third quarter. Raymond James Financial Inc. now owns 1,311,860 shares of the company’s stock worth $40,418,000 after acquiring an additional 695,388 shares during the last quarter. Capital Group Private Client Services Inc. raised its position in Capital Group International Core Equity ETF by 72.7% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 1,140,513 shares of the company’s stock worth $35,139,000 after purchasing an additional 480,091 shares during the last quarter. Merit Financial Group LLC lifted its holdings in Capital Group International Core Equity ETF by 2.9% during the 4th quarter. Merit Financial Group LLC now owns 1,114,156 shares of the company’s stock worth $36,210,000 after buying an additional 31,447 shares in the last quarter. Amplius Wealth Advisors LLC lifted its holdings in Capital Group International Core Equity ETF by 1.6% during the 4th quarter. Amplius Wealth Advisors LLC now owns 1,032,666 shares of the company’s stock worth $33,562,000 after buying an additional 16,415 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Capital Group International Core Equity ETF by 2,075.0% in the 2nd quarter. Osaic Holdings Inc. now owns 710,911 shares of the company’s stock valued at $20,695,000 after buying an additional 678,225 shares during the last quarter.

Capital Group International Core Equity ETF Trading Down 1.3%

Shares of Capital Group International Core Equity ETF stock traded down $0.47 during mid-day trading on Friday, reaching $34.57. 535,962 shares of the stock were exchanged, compared to its average volume of 589,113. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 15.77 and a beta of 0.32. Capital Group International Core Equity ETF has a fifty-two week low of $23.12 and a fifty-two week high of $35.19. The firm has a 50-day simple moving average of $32.89 and a 200 day simple moving average of $31.29.

Capital Group International Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1593 per share. The ex-dividend date was Friday, December 26th. This is a boost from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.08. This represents a $0.64 annualized dividend and a dividend yield of 1.8%.

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.