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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 55,125 shares, a growth of 111.6% from the August 15th total of 26,055 shares. Based on an average trading volume of 334,912 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Capital Group International Core Equity ETF Price Performance

NYSEARCA CGIC traded down $0.21 on Tuesday, hitting $36.27. The company had a trading volume of 224,799 shares, compared to its average volume of 536,841. The company’s fifty day moving average price is $36.42 and its 200-day moving average price is $35.62. The company has a market capitalization of $2.27 billion, a PE ratio of 15.77 and a beta of 0.54. Capital Group International Core Equity ETF has a 12-month low of $30.27 and a 12-month high of $37.48.

Capital Group International Core Equity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.346 per share. This is an increase from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.02. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital Analysts LLC increased its stake in Capital Group International Core Equity ETF by 101.3% during the 2nd quarter. Capital Analysts LLC now owns 24,838 shares of the company’s stock worth $904,000 after buying an additional 12,497 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Capital Group International Core Equity ETF by 68.0% in the second quarter. Integrated Wealth Concepts LLC now owns 10,941 shares of the company’s stock valued at $398,000 after acquiring an additional 4,428 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Capital Group International Core Equity ETF by 546.6% in the second quarter. RFG Advisory LLC now owns 40,266 shares of the company’s stock worth $1,465,000 after acquiring an additional 34,039 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Capital Group International Core Equity ETF by 9.2% in the second quarter. NewEdge Advisors LLC now owns 576,001 shares of the company’s stock worth $20,961,000 after acquiring an additional 48,584 shares during the last quarter. Finally, IFP Advisors Inc increased its position in shares of Capital Group International Core Equity ETF by 316.6% during the second quarter. IFP Advisors Inc now owns 854 shares of the company’s stock worth $31,000 after purchasing an additional 649 shares in the last quarter.

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.