Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Stock Short Interest Falls 85.4%

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 335,919 shares, a drop of 85.4% from the October 15th total of 2,302,179 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,098,435 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CGXU. Benjamin Edwards Inc. raised its position in Capital Group International Focus Equity ETF by 2.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,243,905 shares of the company’s stock worth $145,521,000 after purchasing an additional 106,856 shares during the period. Red Oak Financial Group LLC boosted its position in Capital Group International Focus Equity ETF by 44.4% during the third quarter. Red Oak Financial Group LLC now owns 24,487 shares of the company’s stock valued at $840,000 after buying an additional 7,527 shares during the period. Private Advisor Group LLC grew its stake in shares of Capital Group International Focus Equity ETF by 58.7% during the third quarter. Private Advisor Group LLC now owns 1,897,302 shares of the company’s stock valued at $65,059,000 after buying an additional 701,501 shares during the last quarter. BHK Investment Advisors LLC bought a new position in shares of Capital Group International Focus Equity ETF during the third quarter valued at about $329,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Capital Group International Focus Equity ETF by 13.3% in the third quarter. Global Retirement Partners LLC now owns 42,292 shares of the company’s stock worth $1,450,000 after buying an additional 4,980 shares during the period.

Capital Group International Focus Equity ETF Stock Performance

NYSEARCA:CGXU traded down $0.45 during mid-day trading on Thursday, reaching $31.32. The stock had a trading volume of 2,010,797 shares, compared to its average volume of 973,234. The firm has a 50 day moving average price of $33.53 and a two-hundred day moving average price of $32.99. The stock has a market capitalization of $6.43 billion, a P/E ratio of 15.00 and a beta of 0.96. Capital Group International Focus Equity ETF has a one year low of $28.14 and a one year high of $36.27.

About Capital Group International Focus Equity ETF

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.