Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Significant Growth in Short Interest

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 394,093 shares, a growth of 614.9% from the August 31st total of 55,125 shares. Based on an average daily volume of 392,983 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of Capital Group International Core Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its stake in Capital Group International Core Equity ETF by 214.1% during the second quarter. Envestnet Asset Management Inc. now owns 3,745,663 shares of the company’s stock valued at $136,305,000 after buying an additional 2,553,197 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Capital Group International Core Equity ETF by 111.5% during the first quarter. Royal Bank of Canada now owns 1,733,573 shares of the company’s stock valued at $57,398,000 after acquiring an additional 914,088 shares in the last quarter. Capital Group Private Client Services Inc. increased its holdings in shares of Capital Group International Core Equity ETF by 44.0% during the fourth quarter. Capital Group Private Client Services Inc. now owns 1,642,755 shares of the company’s stock valued at $53,390,000 after acquiring an additional 502,242 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Capital Group International Core Equity ETF by 44.6% in the 1st quarter. Cetera Investment Advisers now owns 827,453 shares of the company’s stock worth $27,397,000 after purchasing an additional 255,218 shares during the last quarter. Finally, Johnson Bixby & Associates LLC purchased a new position in shares of Capital Group International Core Equity ETF in the 1st quarter worth about $27,343,000.

Capital Group International Core Equity ETF Trading Down 0.3%

Shares of CGIC traded down $0.12 during mid-day trading on Thursday, reaching $36.41. The company’s stock had a trading volume of 438,674 shares, compared to its average volume of 534,382. The stock has a market cap of $2.54 billion, a PE ratio of 15.77 and a beta of 0.54. Capital Group International Core Equity ETF has a 52 week low of $30.27 and a 52 week high of $37.48. The company’s fifty day moving average price is $36.54 and its two-hundred day moving average price is $35.71.

Capital Group International Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.3460 per share. The ex-dividend date was Tuesday, June 30th. This is a positive change from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.0216. This represents a $1.38 annualized dividend and a dividend yield of 3.8%.

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.