Capital Group International Equity ETF (NYSEARCA:CGIE) Stock Short Interest Falls 71.9%

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 96,424 shares, a drop of 71.9% from the September 15th total of 343,390 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 375,845 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Capital Group International Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CGIE. Lincoln Capital LLC increased its position in shares of Capital Group International Equity ETF by 7.2% during the third quarter. Lincoln Capital LLC now owns 15,458 shares of the company’s stock valued at $568,000 after buying an additional 1,041 shares during the period. Bill Few Associates Inc. boosted its stake in Capital Group International Equity ETF by 5.0% during the third quarter. Bill Few Associates Inc. now owns 93,136 shares of the company’s stock worth $3,419,000 after acquiring an additional 4,475 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Capital Group International Equity ETF by 28.0% during the third quarter. Farther Finance Advisors LLC now owns 8,468 shares of the company’s stock worth $311,000 after acquiring an additional 1,853 shares in the last quarter. Stonebridge Financial Group LLC boosted its stake in Capital Group International Equity ETF by 2.0% during the third quarter. Stonebridge Financial Group LLC now owns 330,321 shares of the company’s stock worth $12,124,000 after acquiring an additional 6,595 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Capital Group International Equity ETF by 6.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,793 shares of the company’s stock worth $471,000 after purchasing an additional 819 shares during the period.

Capital Group International Equity ETF Price Performance

Shares of CGIE traded up $0.08 during trading hours on Tuesday, hitting $36.45. The company’s stock had a trading volume of 359,526 shares, compared to its average volume of 498,279. The business has a 50 day simple moving average of $37.42 and a two-hundred day simple moving average of $36.48. Capital Group International Equity ETF has a 52-week low of $32.52 and a 52-week high of $38.63. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 20.85 and a beta of 0.65.

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.