Capital Group International Equity ETF (NYSEARCA:CGIE) Stock Short Interest Climbs 516.5%

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 343,390 shares, an increase of 516.5% from the August 31st total of 55,696 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 389,626 shares, the days-to-cover ratio is currently 0.9 days.

Capital Group International Equity ETF Trading Up 0.9%

Shares of NYSEARCA CGIE opened at $37.17 on Friday. The business has a 50-day moving average of $37.38 and a 200-day moving average of $36.28. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 20.85 and a beta of 0.63. Capital Group International Equity ETF has a 12 month low of $32.52 and a 12 month high of $38.63.

Capital Group International Equity ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were given a dividend of $0.3673 per share. The ex-dividend date was Tuesday, June 30th. This represents a yield of 200.0%.

Hedge Funds Weigh In On Capital Group International Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Capital Group International Equity ETF by 112.0% during the first quarter. Bank of New York Mellon Corp now owns 4,306,342 shares of the company’s stock worth $145,640,000 after purchasing an additional 2,275,135 shares during the period. Cetera Investment Advisers raised its position in Capital Group International Equity ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 2,356,485 shares of the company’s stock valued at $79,696,000 after purchasing an additional 444,030 shares during the last quarter. Royal Bank of Canada raised its position in Capital Group International Equity ETF by 43.3% during the 1st quarter. Royal Bank of Canada now owns 2,025,906 shares of the company’s stock valued at $68,516,000 after purchasing an additional 611,671 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in Capital Group International Equity ETF by 17.7% in the 1st quarter. Venturi Wealth Management LLC now owns 1,748,274 shares of the company’s stock worth $59,127,000 after buying an additional 262,731 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Capital Group International Equity ETF by 90.6% in the 1st quarter. Bank of America Corp DE now owns 1,709,080 shares of the company’s stock worth $57,801,000 after buying an additional 812,205 shares during the period.

Capital Group International Equity ETF Company Profile

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.