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

Capital Group International Core Equity ETF (NYSEARCA:CGIC) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 394,093 shares, a growth of 614.9% from the August 31st total of 55,125 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 392,983 shares, the short-interest ratio is currently 1.0 days.

Capital Group International Core Equity ETF Price Performance

CGIC stock traded up $0.29 during mid-day trading on Friday, reaching $36.70. 270,455 shares of the company traded hands, compared to its average volume of 532,842. The company has a market capitalization of $2.56 billion, a P/E ratio of 15.77 and a beta of 0.54. Capital Group International Core Equity ETF has a 52-week low of $30.27 and a 52-week high of $37.48. The company has a fifty day moving average price of $36.54 and a 200-day moving average price of $35.71.

Capital Group International Core Equity ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a $0.3460 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Capital Group International Core Equity ETF’s previous quarterly dividend of $0.0216. The ex-dividend date was Tuesday, June 30th.

Institutional Trading of Capital Group International Core Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in shares of Capital Group International Core Equity ETF by 214.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,745,663 shares of the company’s stock worth $136,305,000 after purchasing an additional 2,553,197 shares during the last quarter. Royal Bank of Canada lifted its position in Capital Group International Core Equity ETF by 111.5% during the first quarter. Royal Bank of Canada now owns 1,733,573 shares of the company’s stock valued at $57,398,000 after purchasing an additional 914,088 shares during the last quarter. Johnson Bixby & Associates LLC purchased a new position in Capital Group International Core Equity ETF in the 1st quarter worth approximately $27,343,000. Capital Group Private Client Services Inc. increased its holdings in shares of Capital Group International Core Equity ETF by 44.0% in the 4th quarter. Capital Group Private Client Services Inc. now owns 1,642,755 shares of the company’s stock worth $53,390,000 after buying an additional 502,242 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Capital Group International Core Equity ETF by 144.8% in the 1st quarter. Private Advisor Group LLC now owns 490,501 shares of the company’s stock worth $16,241,000 after buying an additional 290,113 shares during the last quarter.

Capital Group International Core Equity ETF Company Profile

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.