Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Update

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 234,943 shares, a growth of 22.1% from the February 26th total of 192,434 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 645,311 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Capital Group International Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. J. Derek Lewis & Associates Inc. bought a new position in Capital Group International Equity ETF during the fourth quarter valued at about $2,054,000. Rockefeller Capital Management L.P. raised its position in Capital Group International Equity ETF by 84.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 99,791 shares of the company’s stock worth $3,475,000 after acquiring an additional 45,620 shares during the period. World Investment Advisors bought a new stake in Capital Group International Equity ETF in the fourth quarter worth about $401,000. SHP Wealth Management purchased a new position in Capital Group International Equity ETF in the fourth quarter valued at about $30,000. Finally, NWF Advisory Services Inc. purchased a new position in Capital Group International Equity ETF in the fourth quarter valued at about $257,000.

Capital Group International Equity ETF Stock Up 0.1%

CGIE stock traded up $0.03 during midday trading on Monday, hitting $32.62. The company’s stock had a trading volume of 712,498 shares, compared to its average volume of 661,616. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 20.85 and a beta of 0.62. The stock’s 50-day moving average price is $35.53 and its 200 day moving average price is $34.81. Capital Group International Equity ETF has a 1 year low of $26.10 and a 1 year high of $37.07.

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.