Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Down 62.6% in June

Capital Group International Equity ETF (NYSEARCA:CGIE) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 40,898 shares, a drop of 62.6% from the May 31st total of 109,347 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 471,998 shares, the short-interest ratio is currently 0.1 days.

Capital Group International Equity ETF Stock Down 0.6%

Capital Group International Equity ETF stock opened at $36.37 on Friday. Capital Group International Equity ETF has a 52-week low of $31.60 and a 52-week high of $37.36. The company has a market cap of $2.10 billion, a P/E ratio of 20.85 and a beta of 0.65. The business has a 50-day simple moving average of $36.15 and a two-hundred day simple moving average of $35.62.

Institutional Trading of Capital Group International Equity ETF

Several large investors have recently added to or reduced their stakes in CGIE. Baird Financial Group Inc. raised its position in Capital Group International Equity ETF by 46.7% in the second quarter. Baird Financial Group Inc. now owns 47,119 shares of the company’s stock worth $1,551,000 after acquiring an additional 14,991 shares during the period. NewEdge Advisors LLC grew its position in shares of Capital Group International Equity ETF by 42.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,158 shares of the company’s stock valued at $71,000 after acquiring an additional 640 shares during the period. Quantinno Capital Management LP bought a new stake in shares of Capital Group International Equity ETF during the 2nd quarter valued at $576,000. Raymond James Financial Inc. grew its position in shares of Capital Group International Equity ETF by 39.8% during the 2nd quarter. Raymond James Financial Inc. now owns 613,238 shares of the company’s stock valued at $20,188,000 after acquiring an additional 174,689 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Capital Group International Equity ETF by 71.9% in the 2nd quarter. Jane Street Group LLC now owns 269,737 shares of the company’s stock worth $8,880,000 after purchasing an additional 112,794 shares in the last quarter.

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.