Short Interest in Capital Group International Core Equity ETF (NYSEARCA:CGIC) Drops By 30.3%

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 43,565 shares, a decline of 30.3% from the December 31st total of 62,533 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 487,221 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 487,221 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Capital Group International Core Equity ETF

Large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Capital Group International Core Equity ETF by 730.7% in the first quarter. Royal Bank of Canada now owns 37,513 shares of the company’s stock worth $975,000 after buying an additional 32,997 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Capital Group International Core Equity ETF by 1,049.1% during the 1st quarter. Jane Street Group LLC now owns 393,141 shares of the company’s stock worth $10,214,000 after purchasing an additional 358,927 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Capital Group International Core Equity ETF in the second quarter valued at approximately $285,000. Capital Investment Advisors LLC grew its position in shares of Capital Group International Core Equity ETF by 37.5% in the second quarter. Capital Investment Advisors LLC now owns 24,188 shares of the company’s stock valued at $704,000 after purchasing an additional 6,603 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Capital Group International Core Equity ETF by 27.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 96,759 shares of the company’s stock valued at $2,817,000 after purchasing an additional 20,819 shares during the last quarter.

Capital Group International Core Equity ETF Price Performance

NYSEARCA CGIC traded down $0.47 on Friday, hitting $34.57. The company had a trading volume of 535,962 shares, compared to its average volume of 589,113. The company’s fifty day moving average price is $32.89 and its 200-day moving average price is $31.27. The company has a market capitalization of $1.15 billion, a PE ratio of 15.77 and a beta of 0.32. Capital Group International Core Equity ETF has a 12-month low of $23.12 and a 12-month high of $35.19.

Capital Group International Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.1593 dividend. This represents a $0.64 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, December 26th. This is a positive change from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.08.

About Capital Group International Core Equity ETF

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.