Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Large Drop in Short Interest

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 232,739 shares, a drop of 72.7% from the June 30th total of 852,070 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 486,236 shares, the days-to-cover ratio is currently 0.5 days.

Capital Group International Core Equity ETF Stock Performance

CGIC stock traded down $0.03 during trading on Friday, reaching $35.48. The company had a trading volume of 463,754 shares, compared to its average volume of 554,439. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 15.77 and a beta of 0.52. Capital Group International Core Equity ETF has a twelve month low of $28.53 and a twelve month high of $37.30. The firm has a 50-day simple moving average of $36.16 and a 200-day simple moving average of $35.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CGIC. Greykasell Wealth Strategies Inc. grew its holdings in shares of Capital Group International Core Equity ETF by 57.4% during the fourth quarter. Greykasell Wealth Strategies Inc. now owns 886 shares of the company’s stock valued at $29,000 after buying an additional 323 shares during the last quarter. Western Wealth Management LLC purchased a new position in Capital Group International Core Equity ETF in the 1st quarter worth $35,000. Arax Advisory Partners purchased a new position in Capital Group International Core Equity ETF in the 4th quarter worth $35,000. JPMorgan Chase & Co. lifted its position in Capital Group International Core Equity ETF by 140.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock worth $38,000 after acquiring an additional 773 shares during the period. Finally, Rothschild Investment LLC purchased a new stake in Capital Group International Core Equity ETF during the 4th quarter valued at about $55,000.

About Capital Group International Core Equity ETF

The Capital Group International Core Equity ETF (CGIC) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking total returns by globally investing in companies, excluding those from the United States. CGIC was launched on Jun 25, 2024 and is issued by Capital Group.