Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Significant Drop in Short Interest

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 59,142 shares, a decline of 44.6% from the February 26th total of 106,724 shares. Based on an average daily volume of 579,745 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Capital Group International Core Equity ETF Stock Performance

Shares of NYSEARCA:CGIC traded down $0.05 during midday trading on Friday, reaching $32.28. 60,454 shares of the company’s stock traded hands, compared to its average volume of 583,539. Capital Group International Core Equity ETF has a one year low of $23.12 and a one year high of $36.20. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 15.77 and a beta of 0.32. The stock has a 50 day moving average of $34.49 and a 200 day moving average of $32.60.

Hedge Funds Weigh In On Capital Group International Core Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. J. Derek Lewis & Associates Inc. bought a new position in Capital Group International Core Equity ETF in the fourth quarter valued at about $3,808,000. World Investment Advisors increased its position in shares of Capital Group International Core Equity ETF by 54.1% during the 4th quarter. World Investment Advisors now owns 34,399 shares of the company’s stock valued at $1,118,000 after purchasing an additional 12,076 shares during the last quarter. Astoria Portfolio Advisors LLC. bought a new position in shares of Capital Group International Core Equity ETF in the 4th quarter worth approximately $410,000. NewEdge Advisors LLC boosted its holdings in shares of Capital Group International Core Equity ETF by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 483,756 shares of the company’s stock worth $15,722,000 after buying an additional 7,977 shares during the last quarter. Finally, OLD Mission Capital LLC grew its position in Capital Group International Core Equity ETF by 36.9% during the fourth quarter. OLD Mission Capital LLC now owns 189,798 shares of the company’s stock valued at $6,168,000 after buying an additional 51,145 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.