Short Interest in Capital Group International Core Equity ETF (NYSEARCA:CGIC) Decreases By 77.9%

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 339,563 shares, a decrease of 77.9% from the May 31st total of 1,534,706 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 664,445 shares, the short-interest ratio is presently 0.5 days.

Capital Group International Core Equity ETF Price Performance

CGIC stock traded down $0.27 during midday trading on Friday, reaching $36.09. 372,415 shares of the company were exchanged, compared to its average volume of 562,620. The business has a 50-day moving average price of $36.00 and a two-hundred day moving average price of $34.61. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of 15.77 and a beta of 0.52. Capital Group International Core Equity ETF has a one year low of $28.53 and a one year high of $37.30.

Hedge Funds Weigh In On Capital Group International Core Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of CGIC. Greykasell Wealth Strategies Inc. increased its stake in Capital Group International Core Equity ETF by 57.4% during the 4th quarter. Greykasell Wealth Strategies Inc. now owns 886 shares of the company’s stock worth $29,000 after acquiring an additional 323 shares during the period. Western Wealth Management LLC bought a new position in shares of Capital Group International Core Equity ETF in the 1st quarter valued at $35,000. Arax Advisory Partners acquired a new stake in shares of Capital Group International Core Equity ETF during the fourth quarter valued at about $35,000. JPMorgan Chase & Co. grew its holdings in Capital Group International Core Equity ETF by 140.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock worth $38,000 after acquiring an additional 773 shares during the last quarter. Finally, Cape Investment Advisory Inc. increased its stake in shares of Capital Group International Core Equity ETF by 240.8% in the third quarter. Cape Investment Advisory Inc. now owns 1,704 shares of the company’s stock valued at $52,000 after buying an additional 1,204 shares during the period.

Capital Group International Core Equity ETF Company Profile

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.