Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Down 17.5% in April

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 82,858 shares, a decline of 17.5% from the March 31st total of 100,457 shares. Based on an average trading volume of 496,944 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Capital Group International Equity ETF Stock Performance

Shares of NYSEARCA CGIE traded up $0.82 during trading on Thursday, reaching $35.65. The company had a trading volume of 304,948 shares, compared to its average volume of 613,009. Capital Group International Equity ETF has a 52 week low of $30.59 and a 52 week high of $37.07. The stock has a market cap of $2.06 billion, a PE ratio of 20.85 and a beta of 0.70. The business’s 50 day moving average price is $35.00 and its 200-day moving average price is $35.01.

Hedge Funds Weigh In On Capital Group International Equity ETF

Institutional investors have recently modified their holdings of the stock. SHP Wealth Management bought a new position in shares of Capital Group International Equity ETF in the fourth quarter worth about $30,000. Allworth Financial LP bought a new stake in shares of Capital Group International Equity ETF during the third quarter worth approximately $35,000. Harbor Investment Advisory LLC bought a new stake in shares of Capital Group International Equity ETF during the fourth quarter worth approximately $42,000. CWM LLC raised its stake in shares of Capital Group International Equity ETF by 88.2% during the third quarter. CWM LLC now owns 1,451 shares of the company’s stock worth $49,000 after buying an additional 680 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Capital Group International Equity ETF during the third quarter worth approximately $61,000.

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.