Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Shares Shorted: Short Interest Down 86.5% in September

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 92,311 shares, a decrease of 86.5% from the August 31st total of 682,122 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,216,025 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group International Focus Equity ETF Stock Up 1.1%

Shares of CGXU stock traded up $0.37 on Friday, reaching $34.99. 687,689 shares of the stock were exchanged, compared to its average volume of 930,627. The firm has a 50 day moving average of $34.61 and a two-hundred day moving average of $33.32. The stock has a market cap of $6.90 billion, a P/E ratio of 17.44 and a beta of 0.95. Capital Group International Focus Equity ETF has a 1-year low of $28.14 and a 1-year high of $36.27.

Capital Group International Focus Equity ETF Dividend Announcement

The company also recently announced a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.4123 per share. The ex-dividend date was Tuesday, June 30th. This represents a dividend yield of 238.0%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. LPL Financial LLC lifted its position in Capital Group International Focus Equity ETF by 20.6% during the fourth quarter. LPL Financial LLC now owns 13,849,090 shares of the company’s stock valued at $409,241,000 after buying an additional 2,364,368 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group International Focus Equity ETF by 3.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,587,943 shares of the company’s stock worth $224,224,000 after acquiring an additional 257,468 shares in the last quarter. Royal Bank of Canada increased its position in shares of Capital Group International Focus Equity ETF by 3.7% in the first quarter. Royal Bank of Canada now owns 4,282,122 shares of the company’s stock worth $126,280,000 after acquiring an additional 152,742 shares in the last quarter. Capital Group Private Client Services Inc. raised its stake in shares of Capital Group International Focus Equity ETF by 1.4% in the 4th quarter. Capital Group Private Client Services Inc. now owns 3,236,719 shares of the company’s stock valued at $95,645,000 after acquiring an additional 44,188 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Capital Group International Focus Equity ETF by 35.3% in the 1st quarter. Bank of America Corp DE now owns 2,854,990 shares of the company’s stock valued at $84,194,000 after acquiring an additional 744,144 shares during the period.

Capital Group International Focus Equity ETF Company Profile

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.