Short Interest in Capital Group International Equity ETF (NYSEARCA:CGIE) Drops By 62.6%

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 40,898 shares, a decline of 62.6% from the May 31st total of 109,347 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 471,998 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Capital Group International Equity ETF

A number of hedge funds have recently modified their holdings of the company. SHP Wealth Management acquired a new stake in Capital Group International Equity ETF during the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Group International Equity ETF in the 1st quarter valued at approximately $30,000. Allworth Financial LP purchased a new stake in shares of Capital Group International Equity ETF in the 3rd quarter valued at approximately $35,000. Harbor Investment Advisory LLC acquired a new stake in shares of Capital Group International Equity ETF during the 4th quarter worth approximately $42,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Capital Group International Equity ETF during the 3rd quarter worth approximately $61,000.

Capital Group International Equity ETF Trading Down 0.1%

NYSEARCA:CGIE traded down $0.04 during trading hours on Tuesday, hitting $36.78. The company had a trading volume of 465,468 shares, compared to its average volume of 568,630. The company has a 50-day moving average of $36.17 and a 200 day moving average of $35.65. The company has a market cap of $2.13 billion, a P/E ratio of 20.85 and a beta of 0.65. Capital Group International Equity ETF has a 1 year low of $31.60 and a 1 year high of $37.36.

About Capital Group International Equity ETF

The Capital Group International Equity ETF (CGIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of non-US companies. The objective centers on identifying companies believed to have the potential for growth. CGIE was launched on Sep 26, 2023 and is issued by Capital Group.