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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 232,739 shares, a decrease of 72.7% from the June 30th total of 852,070 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 486,236 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Capital Group International Core Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Greykasell Wealth Strategies Inc. increased its stake in shares of Capital Group International Core Equity ETF by 57.4% in the fourth 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 last quarter. A&I Financial Services LLC increased its position in Capital Group International Core Equity ETF by 3.0% in the 4th quarter. A&I Financial Services LLC now owns 16,116 shares of the company’s stock worth $524,000 after purchasing an additional 472 shares during the last quarter. JPMorgan Chase & Co. raised its position in Capital Group International Core Equity ETF by 140.8% during the second quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock valued at $38,000 after acquiring an additional 773 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Capital Group International Core Equity ETF by 11.9% in the first quarter. AdvisorNet Financial Inc now owns 7,928 shares of the company’s stock valued at $263,000 after acquiring an additional 845 shares during the last quarter. Finally, Florida Financial Advisors LLC increased its stake in shares of Capital Group International Core Equity ETF by 13.4% during the 4th quarter. Florida Financial Advisors LLC now owns 7,485 shares of the company’s stock worth $243,000 after purchasing an additional 884 shares during the last quarter.

Capital Group International Core Equity ETF Trading Down 0.3%

NYSEARCA CGIC traded down $0.11 during trading on Monday, reaching $35.37. 229,375 shares of the company’s stock were exchanged, compared to its average volume of 552,094. The firm has a market capitalization of $2.18 billion, a PE ratio of 15.77 and a beta of 0.52. Capital Group International Core Equity ETF has a fifty-two week low of $28.53 and a fifty-two week high of $37.30. The company’s fifty day simple moving average is $36.16 and its 200-day simple moving average is $35.10.

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.