Capital Group International Equity ETF (NYSEARCA:CGIE) Sees Large Growth in Short Interest

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 234,943 shares, an increase of 22.1% from the February 26th total of 192,434 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 645,311 shares, the days-to-cover ratio is currently 0.4 days.

Capital Group International Equity ETF Stock Up 3.6%

Shares of NYSEARCA CGIE opened at $33.82 on Wednesday. The firm’s 50-day moving average price is $35.41 and its two-hundred day moving average price is $34.81. Capital Group International Equity ETF has a 52-week low of $26.10 and a 52-week high of $37.07. The stock has a market capitalization of $1.63 billion, a P/E ratio of 20.85 and a beta of 0.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in Capital Group International Equity ETF in the second quarter worth $294,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Capital Group International Equity ETF by 619.6% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,871 shares of the company’s stock valued at $62,000 after acquiring an additional 1,611 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Capital Group International Equity ETF by 60.7% during the second quarter. J.W. Cole Advisors Inc. now owns 11,237 shares of the company’s stock valued at $370,000 after acquiring an additional 4,246 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group International Equity ETF by 4,286.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 208,470 shares of the company’s stock worth $6,863,000 after acquiring an additional 203,717 shares during the last quarter. Finally, VestGen Advisors LLC grew its position in shares of Capital Group International Equity ETF by 31.1% during the second quarter. VestGen Advisors LLC now owns 37,990 shares of the company’s stock worth $1,251,000 after acquiring an additional 9,018 shares during the last quarter.

Capital Group International Equity ETF Company Profile

The Capital Group International Equity ETF (CGIE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in stocks of non-US companies. The objective centers on identifying companies believed to have the potential for growth. CGIE was launched on Sep 26, 2023 and is issued by Capital Group.