Short Interest in Capital Group International Equity ETF (NYSEARCA:CGIE) Decreases By 69.3%

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 109,347 shares, a decrease of 69.3% from the May 14th total of 356,645 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 462,892 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Capital Group International Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank increased its stake in Capital Group International Equity ETF by 9.6% during the 3rd quarter. Comerica Bank now owns 3,526 shares of the company’s stock worth $119,000 after buying an additional 309 shares during the period. Rothschild Investment LLC increased its stake in Capital Group International Equity ETF by 26.5% during the 3rd quarter. Rothschild Investment LLC now owns 2,973 shares of the company’s stock worth $100,000 after buying an additional 623 shares during the period. NewEdge Advisors LLC increased its stake in Capital Group International Equity ETF by 42.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock worth $71,000 after buying an additional 640 shares during the period. Investmark Advisory Group LLC increased its stake in Capital Group International Equity ETF by 9.0% during the 4th quarter. Investmark Advisory Group LLC now owns 9,060 shares of the company’s stock worth $315,000 after buying an additional 748 shares during the period. Finally, SHP Wealth Management purchased a new stake in Capital Group International Equity ETF during the 4th quarter worth $30,000.

Capital Group International Equity ETF Stock Up 0.1%

Shares of CGIE stock traded up $0.04 during mid-day trading on Friday, reaching $36.64. The company’s stock had a trading volume of 408,223 shares, compared to its average volume of 583,847. The company’s 50 day simple moving average is $35.83 and its 200-day simple moving average is $35.44. Capital Group International Equity ETF has a 12-month low of $31.60 and a 12-month high of $37.07. The firm has a market capitalization of $2.12 billion, a PE ratio of 20.85 and a beta of 0.65.

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.