Short Interest in Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Expands By 171.5%

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the target of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 120,734 shares, an increase of 171.5% from the February 26th total of 44,470 shares. Based on an average daily trading volume, of 90,668 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Capital Group International Bond ETF (USD-Hedged)

A number of large investors have recently added to or reduced their stakes in CGIB. Comerica Bank purchased a new stake in Capital Group International Bond ETF (USD-Hedged) during the 4th quarter valued at $44,000. Geneos Wealth Management Inc. purchased a new position in shares of Capital Group International Bond ETF (USD-Hedged) in the 4th quarter worth $61,000. Cullen Frost Bankers Inc. grew its holdings in shares of Capital Group International Bond ETF (USD-Hedged) by 255.5% in the third quarter. Cullen Frost Bankers Inc. now owns 7,555 shares of the company’s stock worth $192,000 after acquiring an additional 5,430 shares during the period. Mariner LLC bought a new stake in shares of Capital Group International Bond ETF (USD-Hedged) in the fourth quarter worth $200,000. Finally, Main Street Financial Solutions LLC purchased a new stake in Capital Group International Bond ETF (USD-Hedged) during the second quarter valued at $228,000.

Capital Group International Bond ETF (USD-Hedged) Price Performance

CGIB traded down $0.10 during midday trading on Thursday, hitting $25.12. 149,766 shares of the company traded hands, compared to its average volume of 93,182. The company’s 50-day moving average is $25.46 and its 200 day moving average is $25.45. Capital Group International Bond ETF has a 52 week low of $25.03 and a 52 week high of $27.23.

Capital Group International Bond ETF (USD-Hedged) Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.025 per share. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 1.2%.

About Capital Group International Bond ETF (USD-Hedged)

The Capital Group International Bond ETF (USD-Hedged) (CGIB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high-level of current income and capital preservation by actively investing in global debt securities with broad credit ratings and maturities. CGIB was launched on Jun 25, 2024 and is issued by Capital Group.