Capital Group International Core Equity ETF (NYSEARCA:CGIC) Sees Large Growth in Short Interest
by Danessa Lincoln · The Markets DailyCapital Group International Core Equity ETF (NYSEARCA:CGIC – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 1,534,706 shares, an increase of 1,085.1% from the May 14th total of 129,502 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 827,400 shares, the short-interest ratio is presently 1.9 days.
Capital Group International Core Equity ETF Trading Up 0.4%
Shares of CGIC stock traded up $0.14 on Tuesday, reaching $35.91. 591,193 shares of the stock were exchanged, compared to its average volume of 554,711. The business’s 50 day moving average price is $35.35 and its 200 day moving average price is $34.17. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.77 and a beta of 0.52. Capital Group International Core Equity ETF has a twelve month low of $28.17 and a twelve month high of $37.05.
Hedge Funds Weigh In On Capital Group International Core Equity ETF
A number of institutional investors and hedge funds have recently modified their holdings of CGIC. Royal Bank of Canada grew its stake in shares of Capital Group International Core Equity ETF by 730.7% during the first quarter. Royal Bank of Canada now owns 37,513 shares of the company’s stock worth $975,000 after purchasing an additional 32,997 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Capital Group International Core Equity ETF by 1,049.1% during the first quarter. Jane Street Group LLC now owns 393,141 shares of the company’s stock worth $10,214,000 after purchasing an additional 358,927 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Capital Group International Core Equity ETF by 140.8% during the second quarter. JPMorgan Chase & Co. now owns 1,322 shares of the company’s stock worth $38,000 after purchasing an additional 773 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Capital Group International Core Equity ETF by 35.6% during the second quarter. Raymond James Financial Inc. now owns 616,472 shares of the company’s stock worth $17,946,000 after purchasing an additional 161,995 shares in the last quarter. Finally, Great Valley Advisor Group Inc. acquired a new position in shares of Capital Group International Core Equity ETF during the second quarter worth $355,000.
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.