Capital Group International Equity ETF (NYSEARCA:CGIE) Sees Significant Drop in Short Interest

Capital Group International Equity ETF (NYSEARCA:CGIE) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 15,982 shares, a decrease of 84.5% from the October 15th total of 102,875 shares. Based on an average daily volume of 426,213 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Capital Group International Equity ETF Stock Down 0.8%

Shares of CGIE traded down $0.30 during mid-day trading on Thursday, hitting $36.33. 308,382 shares of the company’s stock were exchanged, compared to its average volume of 493,707. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 20.85 and a beta of 0.66. The firm has a fifty day moving average of $36.64 and a two-hundred day moving average of $36.27. Capital Group International Equity ETF has a twelve month low of $32.52 and a twelve month high of $38.63.

Institutional Investors Weigh In On Capital Group International Equity ETF

A number of hedge funds have recently bought and sold shares of CGIE. Private Advisor Group LLC increased its holdings in shares of Capital Group International Equity ETF by 41.3% during the 3rd quarter. Private Advisor Group LLC now owns 479,198 shares of the company’s stock worth $17,589,000 after purchasing an additional 140,005 shares during the period. Global Retirement Partners LLC grew its position in Capital Group International Equity ETF by 44.2% during the third quarter. Global Retirement Partners LLC now owns 44,333 shares of the company’s stock worth $1,627,000 after buying an additional 13,599 shares in the last quarter. BCGM Wealth Management LLC acquired a new stake in Capital Group International Equity ETF during the third quarter worth about $11,561,000. HighTower Advisors LLC bought a new position in Capital Group International Equity ETF during the third quarter valued at about $2,445,000. Finally, Valmark Advisers Inc. bought a new position in Capital Group International Equity ETF during the third quarter valued at about $1,522,000.

Capital Group International Equity ETF Company Profile

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.