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

by · The Markets Daily

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB – Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 56,324 shares, a decrease of 32.4% from the December 31st total of 83,360 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 55,116 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 55,116 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the stock are sold short.

Institutional Trading of Capital Group International Bond ETF (USD-Hedged)

A number of hedge funds have recently made changes to their positions in CGIB. Royal Bank of Canada increased its stake in Capital Group International Bond ETF (USD-Hedged) by 42,260.8% in the first quarter. Royal Bank of Canada now owns 66,930 shares of the company’s stock valued at $1,699,000 after acquiring an additional 66,772 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Capital Group International Bond ETF (USD-Hedged) in the 2nd quarter worth about $417,000. Valmark Advisers Inc. bought a new position in shares of Capital Group International Bond ETF (USD-Hedged) during the 2nd quarter valued at about $247,000. RFG Advisory LLC purchased a new position in shares of Capital Group International Bond ETF (USD-Hedged) during the 2nd quarter valued at about $264,000. Finally, Harbour Investments Inc. lifted its position in Capital Group International Bond ETF (USD-Hedged) by 198.3% in the 2nd quarter. Harbour Investments Inc. now owns 9,759 shares of the company’s stock worth $246,000 after buying an additional 6,488 shares during the last quarter.

Capital Group International Bond ETF (USD-Hedged) Stock Performance

Shares of CGIB traded down $0.07 during trading hours on Friday, reaching $25.48. 72,181 shares of the company’s stock traded hands, compared to its average volume of 80,449. Capital Group International Bond ETF has a 12 month low of $25.04 and a 12 month high of $27.23. The firm’s 50 day simple moving average is $25.44 and its 200-day simple moving average is $25.38.

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

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be paid a $0.025 dividend. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 30th.

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

(Get Free Report)

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.

Featured Stories