Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Sees Significant Growth in Short Interest

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 165,786 shares, an increase of 263.6% from the April 15th total of 45,598 shares. Based on an average daily trading volume, of 116,702 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CGIB. Comerica Bank purchased a new position in Capital Group International Bond ETF (USD-Hedged) in the fourth quarter valued at about $44,000. Geneos Wealth Management Inc. bought a new position in Capital Group International Bond ETF (USD-Hedged) during the fourth quarter valued at approximately $61,000. Cullen Frost Bankers Inc. raised its position in Capital Group International Bond ETF (USD-Hedged) by 255.5% during the third quarter. Cullen Frost Bankers Inc. now owns 7,555 shares of the company’s stock valued at $192,000 after acquiring an additional 5,430 shares in the last quarter. Mariner LLC bought a new position in Capital Group International Bond ETF (USD-Hedged) during the fourth quarter valued at approximately $200,000. Finally, Fifth Third Bancorp bought a new position in Capital Group International Bond ETF (USD-Hedged) during the first quarter valued at approximately $212,000.

Capital Group International Bond ETF (USD-Hedged) Trading Down 0.1%

CGIB stock opened at $25.21 on Thursday. Capital Group International Bond ETF has a 12-month low of $24.96 and a 12-month high of $27.23. The company has a 50 day moving average of $25.28 and a two-hundred day moving average of $25.43.

Capital Group International Bond ETF (USD-Hedged) Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 1st. Shareholders of record on Thursday, April 30th were paid a $0.025 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 1.2%.

Capital Group International Bond ETF (USD-Hedged) Company Profile

The Capital Group International Bond ETF (USD-Hedged) (CGIB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high-level of current income and capital preservation by actively investing in global debt securities with broad credit ratings and maturities. CGIB was launched on Jun 25, 2024 and is issued by Capital Group.