Short Interest in Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Drops By 14.2%

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 159,059 shares, a decrease of 14.2% from the February 26th total of 185,464 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,339,829 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Capital Group International Focus Equity ETF

Hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC acquired a new position in shares of Capital Group International Focus Equity ETF during the fourth quarter worth about $28,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Capital Group International Focus Equity ETF in the third quarter valued at about $35,000. IFP Advisors Inc grew its stake in shares of Capital Group International Focus Equity ETF by 103.1% in the third quarter. IFP Advisors Inc now owns 2,388 shares of the company’s stock valued at $71,000 after buying an additional 1,212 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Capital Group International Focus Equity ETF by 18.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,756 shares of the company’s stock valued at $81,000 after buying an additional 436 shares during the period. Finally, Mather Group LLC. acquired a new position in Capital Group International Focus Equity ETF during the 3rd quarter worth approximately $82,000.

Capital Group International Focus Equity ETF Stock Up 1.9%

Shares of CGXU traded up $0.54 during mid-day trading on Tuesday, hitting $28.82. The company had a trading volume of 43,706 shares, compared to its average volume of 966,822. Capital Group International Focus Equity ETF has a 1-year low of $21.17 and a 1-year high of $32.69. The business’s 50-day simple moving average is $30.88 and its 200-day simple moving average is $30.36. The stock has a market cap of $4.44 billion, a PE ratio of 17.44 and a beta of 0.92.

About Capital Group International Focus Equity ETF

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.