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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 339,563 shares, a decline of 77.9% from the May 31st total of 1,534,706 shares. Based on an average trading volume of 664,445 shares, the short-interest ratio is currently 0.5 days. Currently, 0.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Capital Group International Core Equity ETF

Hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Capital Group International Core Equity ETF by 96.4% during the fourth quarter. LPL Financial LLC now owns 2,778,105 shares of the company’s stock worth $90,288,000 after purchasing an additional 1,363,726 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Capital Group International Core Equity ETF by 111.5% in the first quarter. Royal Bank of Canada now owns 1,733,573 shares of the company’s stock valued at $57,398,000 after purchasing an additional 914,088 shares in the last quarter. Johnson Bixby & Associates LLC purchased a new stake in Capital Group International Core Equity ETF during the 1st quarter worth approximately $27,343,000. Raymond James Financial Inc. lifted its holdings in Capital Group International Core Equity ETF by 112.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,311,860 shares of the company’s stock worth $40,418,000 after buying an additional 695,388 shares in the last quarter. Finally, Capital Group Private Client Services Inc. boosted its position in Capital Group International Core Equity ETF by 44.0% in the 4th quarter. Capital Group Private Client Services Inc. now owns 1,642,755 shares of the company’s stock valued at $53,390,000 after buying an additional 502,242 shares during the period.

Capital Group International Core Equity ETF Trading Down 0.7%

NYSEARCA CGIC opened at $36.09 on Friday. The company has a fifty day simple moving average of $36.00 and a two-hundred day simple moving average of $34.61. Capital Group International Core Equity ETF has a 12-month low of $28.53 and a 12-month high of $37.30. The stock has a market cap of $1.72 billion, a P/E ratio of 15.77 and a beta of 0.52.

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.