Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Short Interest Up 103.3% in June

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 105,070 shares, a growth of 103.3% from the May 31st total of 51,674 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 70,719 shares, the short-interest ratio is presently 1.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Composition Wealth LLC purchased a new stake in Capital Group International Bond ETF (USD-Hedged) in the 4th quarter worth $35,454,000. Wells Fargo & Company MN grew its position in shares of Capital Group International Bond ETF (USD-Hedged) by 429.5% during the fourth quarter. Wells Fargo & Company MN now owns 975,099 shares of the company’s stock worth $24,729,000 after purchasing an additional 790,948 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Capital Group International Bond ETF (USD-Hedged) during the third quarter worth about $13,477,000. HighTower Advisors LLC bought a new stake in Capital Group International Bond ETF (USD-Hedged) during the 4th quarter valued at approximately $9,376,000. Finally, Merit Financial Group LLC raised its stake in Capital Group International Bond ETF (USD-Hedged) by 6.3% during the 4th quarter. Merit Financial Group LLC now owns 348,189 shares of the company’s stock valued at $8,830,000 after purchasing an additional 20,627 shares during the period.

Capital Group International Bond ETF (USD-Hedged) Stock Down 0.1%

NYSEARCA CGIB traded down $0.02 during trading on Wednesday, hitting $25.51. The company had a trading volume of 57,861 shares, compared to its average volume of 92,250. Capital Group International Bond ETF has a one year low of $24.96 and a one year high of $27.23. The company’s fifty day moving average is $25.36 and its 200-day moving average is $25.39.

Capital Group International Bond ETF (USD-Hedged) Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.025 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%.

Capital Group International Bond ETF (USD-Hedged) Company Profile

The Capital Group International Bond ETF (USD-Hedged) (CGIB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high-level of current income and capital preservation by actively investing in global debt securities with broad credit ratings and maturities. CGIB was launched on Jun 25, 2024 and is issued by Capital Group.