Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Short Interest Update
by Amy Steele · The Cerbat GemCapital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 79,652 shares, a drop of 34.0% from the March 15th total of 120,734 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 97,409 shares, the short-interest ratio is currently 0.8 days.
Capital Group International Bond ETF (USD-Hedged) Trading Up 0.3%
Shares of NYSEARCA:CGIB traded up $0.08 on Tuesday, hitting $25.33. The company had a trading volume of 55,859 shares, compared to its average volume of 89,618. The firm’s 50-day simple moving average is $25.40 and its two-hundred day simple moving average is $25.44. Capital Group International Bond ETF has a 1 year low of $24.96 and a 1 year high of $27.23.
Capital Group International Bond ETF (USD-Hedged) Dividend Announcement
The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were given a $0.025 dividend. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, March 30th.
Institutional Investors Weigh In On Capital Group International Bond ETF (USD-Hedged)
Several institutional investors and hedge funds have recently modified their holdings of the stock. Composition Wealth LLC purchased a new stake in shares of Capital Group International Bond ETF (USD-Hedged) in the 4th quarter worth about $35,454,000. Wells Fargo & Company MN lifted its position in shares of Capital Group International Bond ETF (USD-Hedged) by 429.5% in the 4th quarter. Wells Fargo & Company MN now owns 975,099 shares of the company’s stock worth $24,729,000 after purchasing an additional 790,948 shares during the period. Orion Porfolio Solutions LLC purchased a new stake in shares of Capital Group International Bond ETF (USD-Hedged) in the 3rd quarter worth about $13,477,000. HighTower Advisors LLC purchased a new stake in shares of Capital Group International Bond ETF (USD-Hedged) in the 4th quarter worth about $9,376,000. Finally, Merit Financial Group LLC lifted its position in shares of Capital Group International Bond ETF (USD-Hedged) by 6.3% in the 4th quarter. Merit Financial Group LLC now owns 348,189 shares of the company’s stock worth $8,830,000 after purchasing an additional 20,627 shares during the period.
About Capital Group International Bond ETF (USD-Hedged)
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.