Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Down 57.2% in March

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 100,457 shares, a drop of 57.2% from the March 15th total of 234,943 shares. Based on an average trading volume of 614,157 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Capital Group International Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. J. Derek Lewis & Associates Inc. bought a new position in Capital Group International Equity ETF in the 4th quarter valued at about $2,054,000. Rockefeller Capital Management L.P. grew its position in Capital Group International Equity ETF by 84.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 99,791 shares of the company’s stock valued at $3,475,000 after buying an additional 45,620 shares in the last quarter. World Investment Advisors bought a new position in Capital Group International Equity ETF in the 4th quarter valued at about $401,000. SHP Wealth Management bought a new position in Capital Group International Equity ETF in the 4th quarter valued at about $30,000. Finally, NWF Advisory Services Inc. bought a new position in Capital Group International Equity ETF in the 4th quarter valued at about $257,000.

Capital Group International Equity ETF Price Performance

Shares of CGIE stock traded up $0.21 during trading hours on Monday, reaching $35.83. The stock had a trading volume of 380,650 shares, compared to its average volume of 648,744. Capital Group International Equity ETF has a twelve month low of $28.50 and a twelve month high of $37.07. The firm has a 50-day simple moving average of $35.16 and a 200-day simple moving average of $34.87. The firm has a market capitalization of $1.98 billion, a PE ratio of 20.85 and a beta of 0.70.

About Capital Group International Equity ETF

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.