Capital Group International Equity ETF (NYSEARCA:CGIE) Sees Large Decline in Short Interest

Capital Group International Equity ETF (NYSEARCA:CGIE) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 109,347 shares, a decrease of 69.3% from the May 14th total of 356,645 shares. Based on an average daily trading volume, of 462,892 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group International Equity ETF Price Performance

Shares of CGIE stock traded up $0.26 on Thursday, hitting $35.74. 192,787 shares of the company’s stock were exchanged, compared to its average volume of 581,626. The stock has a market cap of $2.07 billion, a P/E ratio of 20.85 and a beta of 0.65. Capital Group International Equity ETF has a 12 month low of $31.60 and a 12 month high of $37.07. The company has a 50 day moving average of $35.73 and a 200 day moving average of $35.41.

Hedge Funds Weigh In On Capital Group International Equity ETF

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Capital Group International Equity ETF by 112.0% during the 1st quarter. Bank of New York Mellon Corp now owns 4,306,342 shares of the company’s stock valued at $145,640,000 after purchasing an additional 2,275,135 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Capital Group International Equity ETF by 90.6% in the 1st quarter. Bank of America Corp DE now owns 1,709,080 shares of the company’s stock valued at $57,801,000 after acquiring an additional 812,205 shares in the last quarter. LPL Financial LLC boosted its position in shares of Capital Group International Equity ETF by 49.2% during the 4th quarter. LPL Financial LLC now owns 2,081,808 shares of the company’s stock valued at $72,489,000 after acquiring an additional 686,514 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Capital Group International Equity ETF by 43.3% during the 1st quarter. Royal Bank of Canada now owns 2,025,906 shares of the company’s stock valued at $68,516,000 after acquiring an additional 611,671 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Capital Group International Equity ETF by 27.6% during the fourth quarter. Morgan Stanley now owns 2,190,697 shares of the company’s stock worth $76,280,000 after purchasing an additional 473,919 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.