Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Short Interest Down 86.9% in August

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 682,122 shares, a drop of 86.9% from the August 15th total of 5,191,198 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 803,052 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Trust LLC purchased a new stake in shares of Capital Group International Focus Equity ETF in the fourth quarter valued at approximately $683,000. Cambridge Investment Research Advisors Inc. raised its position in Capital Group International Focus Equity ETF by 10.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,040,788 shares of the company’s stock worth $30,755,000 after acquiring an additional 100,726 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Capital Group International Focus Equity ETF by 390.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 343,908 shares of the company’s stock worth $10,162,000 after acquiring an additional 273,802 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in Capital Group International Focus Equity ETF in the fourth quarter valued at $663,000. Finally, Kestra Advisory Services LLC lifted its holdings in Capital Group International Focus Equity ETF by 5.7% in the first quarter. Kestra Advisory Services LLC now owns 1,141,672 shares of the company’s stock valued at $33,668,000 after acquiring an additional 61,207 shares during the period.

Capital Group International Focus Equity ETF Stock Up 1.4%

NYSEARCA CGXU traded up $0.47 on Friday, hitting $35.34. 643,953 shares of the stock were exchanged, compared to its average volume of 934,977. Capital Group International Focus Equity ETF has a fifty-two week low of $28.14 and a fifty-two week high of $36.27. The company has a market cap of $6.58 billion, a PE ratio of 17.44 and a beta of 0.95. The company has a 50-day moving average price of $34.41 and a 200-day moving average price of $33.07.

Capital Group International Focus Equity ETF Dividend Announcement

The firm also recently announced a semiannual dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a $0.4123 dividend. This represents a yield of 238.0%. The ex-dividend date of this dividend was Tuesday, June 30th.

Capital Group International Focus Equity ETF Company Profile

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.