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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a significant decline in short interest in October. As of October 30th, there was short interest totaling 62,806 shares, a decline of 80.2% from the October 15th total of 317,462 shares. Based on an average daily trading volume, of 445,365 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Capital Group International Core Equity ETF Trading Down 0.9%

Shares of CGIC stock traded down $0.33 during trading hours on Thursday, hitting $35.14. The company’s stock had a trading volume of 863,288 shares, compared to its average volume of 521,898. The business has a fifty day moving average of $35.86 and a 200-day moving average of $35.58. Capital Group International Core Equity ETF has a twelve month low of $30.42 and a twelve month high of $37.48. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 15.77 and a beta of 0.58.

Capital Group International Core Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.1298 per share. This is a drop from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.3460. This represents a $0.52 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, September 30th.

Hedge Funds Weigh In On Capital Group International Core Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its holdings in Capital Group International Core Equity ETF by 36.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 352,437 shares of the company’s stock worth $12,680,000 after acquiring an additional 94,142 shares during the period. Red Oak Financial Group LLC grew its position in Capital Group International Core Equity ETF by 7.6% in the third quarter. Red Oak Financial Group LLC now owns 216,260 shares of the company’s stock valued at $7,781,000 after acquiring an additional 15,245 shares in the last quarter. Berger Financial Group Inc grew its position in Capital Group International Core Equity ETF by 34.9% in the third quarter. Berger Financial Group Inc now owns 22,825 shares of the company’s stock valued at $821,000 after acquiring an additional 5,900 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Capital Group International Core Equity ETF by 60.4% during the third quarter. Private Advisor Group LLC now owns 553,300 shares of the company’s stock valued at $19,908,000 after purchasing an additional 208,384 shares during the period. Finally, PCG Wealth Advisors LLC raised its stake in shares of Capital Group International Core Equity ETF by 21.6% during the third quarter. PCG Wealth Advisors LLC now owns 75,279 shares of the company’s stock valued at $2,709,000 after purchasing an additional 13,395 shares during the period.

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.