Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Large Drop in Short Interest
by Teresa Graham · The Cerbat GemCapital Group International Core Equity ETF (NYSEARCA:CGIC – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 26,055 shares, a decrease of 91.5% from the July 30th total of 305,976 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 378,072 shares, the days-to-cover ratio is presently 0.1 days.
Capital Group International Core Equity ETF Trading Up 0.8%
CGIC stock traded up $0.31 during trading on Tuesday, reaching $37.29. The stock had a trading volume of 367,641 shares, compared to its average volume of 551,631. The firm has a market cap of $2.34 billion, a PE ratio of 15.77 and a beta of 0.54. The stock’s 50 day moving average is $36.26 and its two-hundred day moving average is $35.47. Capital Group International Core Equity ETF has a 52 week low of $29.44 and a 52 week high of $37.30.
Hedge Funds Weigh In On Capital Group International Core Equity ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Kintra Wealth LLC increased its holdings in Capital Group International Core Equity ETF by 17.0% during the second quarter. Kintra Wealth LLC now owns 55,232 shares of the company’s stock valued at $2,046,000 after buying an additional 8,042 shares during the last quarter. PCG Wealth Advisors LLC boosted its stake in shares of Capital Group International Core Equity ETF by 15.6% during the 2nd quarter. PCG Wealth Advisors LLC now owns 61,884 shares of the company’s stock worth $2,252,000 after acquiring an additional 8,367 shares during the last quarter. Tudor Financial Inc. grew its position in shares of Capital Group International Core Equity ETF by 1,126.0% during the 2nd quarter. Tudor Financial Inc. now owns 12,579 shares of the company’s stock valued at $458,000 after acquiring an additional 11,553 shares during the period. NWF Advisory Services Inc. grew its position in shares of Capital Group International Core Equity ETF by 55.2% during the 2nd quarter. NWF Advisory Services Inc. now owns 74,066 shares of the company’s stock valued at $2,695,000 after acquiring an additional 26,347 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in shares of Capital Group International Core Equity ETF by 156.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 128,974 shares of the company’s stock valued at $4,693,000 after acquiring an additional 78,714 shares during the period.
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.