Capital Group International Focus Equity ETF (NYSEARCA:CGXU) Stock Short Interest Climbs 172.8%

Capital Group International Focus Equity ETF (NYSEARCA:CGXU) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 2,302,179 shares, an increase of 172.8% from the September 30th total of 843,881 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average trading volume of 1,012,491 shares, the days-to-cover ratio is currently 2.3 days.

Capital Group International Focus Equity ETF Price Performance

Capital Group International Focus Equity ETF stock traded down $0.32 during midday trading on Thursday, reaching $32.30. The stock had a trading volume of 1,039,824 shares, compared to its average volume of 954,804. Capital Group International Focus Equity ETF has a twelve month low of $28.14 and a twelve month high of $36.27. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 17.44 and a beta of 0.95. The firm’s fifty day simple moving average is $34.26 and its two-hundred day simple moving average is $32.97.

Institutional Trading of Capital Group International Focus Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNB Wealth Management LLC raised its stake in shares of Capital Group International Focus Equity ETF by 127.6% in the third quarter. BNB Wealth Management LLC now owns 17,153 shares of the company’s stock valued at $588,000 after purchasing an additional 9,618 shares in the last quarter. Summit Global Investments increased its stake in Capital Group International Focus Equity ETF by 41.7% in the third quarter. Summit Global Investments now owns 9,149 shares of the company’s stock valued at $314,000 after acquiring an additional 2,691 shares during the period. Charter Capital Management LLC DE raised its position in Capital Group International Focus Equity ETF by 12.2% in the third quarter. Charter Capital Management LLC DE now owns 87,520 shares of the company’s stock worth $3,001,000 after purchasing an additional 9,482 shares in the last quarter. Modera Wealth Management LLC bought a new position in Capital Group International Focus Equity ETF during the third quarter worth about $4,378,000. Finally, International Assets Investment Management LLC boosted its holdings in Capital Group International Focus Equity ETF by 720.2% during the third quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock valued at $3,429,000 after purchasing an additional 87,808 shares in the last quarter.

About Capital Group International Focus Equity ETF

The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.