Short Interest in Capital Group International Core Equity ETF (NYSEARCA:CGIC) Drops By 44.6%

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a large decline in short interest in 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. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 579,745 shares, the short-interest ratio is presently 0.1 days.

Capital Group International Core Equity ETF Trading Down 0.5%

Shares of Capital Group International Core Equity ETF stock traded down $0.15 on Friday, hitting $32.18. 585,498 shares of the company traded hands, compared to its average volume of 592,537. The company has a market cap of $1.12 billion, a PE ratio of 15.77 and a beta of 0.32. The stock’s 50 day moving average price is $34.45 and its 200-day moving average price is $32.63. Capital Group International Core Equity ETF has a 52 week low of $23.12 and a 52 week high of $36.20.

Hedge Funds Weigh In On Capital Group International Core Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of CGIC. LPL Financial LLC increased its stake in shares of Capital Group International Core Equity ETF by 96.4% in the 4th quarter. LPL Financial LLC now owns 2,778,105 shares of the company’s stock worth $90,288,000 after acquiring an additional 1,363,726 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Capital Group International Core Equity ETF in the third quarter valued at about $33,358,000. Amplius Wealth Advisors LLC purchased a new stake in shares of Capital Group International Core Equity ETF in the third quarter valued at about $31,311,000. Raymond James Financial Inc. increased its position in Capital Group International Core Equity ETF by 112.8% during the third quarter. Raymond James Financial Inc. now owns 1,311,860 shares of the company’s stock worth $40,418,000 after purchasing an additional 695,388 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in Capital Group International Core Equity ETF by 2,075.0% during the second quarter. Osaic Holdings Inc. now owns 710,911 shares of the company’s stock worth $20,695,000 after purchasing an additional 678,225 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.