Capital Group International Equity ETF (NYSEARCA:CGIE) Short Interest Up 868.8% in August

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 244,735 shares, an increase of 868.8% from the July 30th total of 25,261 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 348,079 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Capital Group International Equity ETF

Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted 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 increased its holdings in Capital Group International Equity ETF by 90.6% in the first quarter. Bank of America Corp DE now owns 1,709,080 shares of the company’s stock worth $57,801,000 after purchasing an additional 812,205 shares in the last quarter. LPL Financial LLC increased its holdings in Capital Group International Equity ETF by 49.2% in the fourth quarter. LPL Financial LLC now owns 2,081,808 shares of the company’s stock worth $72,489,000 after purchasing an additional 686,514 shares in the last quarter. Royal Bank of Canada lifted its stake in Capital Group International Equity ETF by 43.3% in the first quarter. Royal Bank of Canada now owns 2,025,906 shares of the company’s stock valued at $68,516,000 after buying an additional 611,671 shares during the period. Finally, Morgan Stanley lifted its stake in Capital Group International Equity ETF by 27.6% in the fourth quarter. Morgan Stanley now owns 2,190,697 shares of the company’s stock valued at $76,280,000 after buying an additional 473,919 shares during the period.

Capital Group International Equity ETF Stock Performance

Shares of NYSEARCA CGIE traded up $0.25 during trading hours on Tuesday, hitting $38.27. 264,691 shares of the stock were exchanged, compared to its average volume of 527,954. The company’s fifty day simple moving average is $37.03 and its two-hundred day simple moving average is $36.08. The company has a market cap of $2.47 billion, a PE ratio of 20.85 and a beta of 0.63. Capital Group International Equity ETF has a 1-year low of $32.37 and a 1-year high of $38.45.

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.