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

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 120,734 shares, an increase of 171.5% from the February 26th total of 44,470 shares. Based on an average daily trading volume, of 90,668 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Capital Group International Bond ETF (USD-Hedged)

A number of hedge funds and other institutional investors have recently made changes to their positions in CGIB. Tempus Wealth Planning LLC bought a new stake in shares of Capital Group International Bond ETF (USD-Hedged) in the 3rd quarter valued at approximately $513,000. Merit Financial Group LLC bought a new position in Capital Group International Bond ETF (USD-Hedged) during the third quarter valued at approximately $8,317,000. Orion Porfolio Solutions LLC acquired a new stake in Capital Group International Bond ETF (USD-Hedged) in the third quarter valued at approximately $13,477,000. Envestnet Asset Management Inc. grew its position in Capital Group International Bond ETF (USD-Hedged) by 116.0% in the third quarter. Envestnet Asset Management Inc. now owns 148,933 shares of the company’s stock worth $3,781,000 after acquiring an additional 79,983 shares in the last quarter. Finally, Assetmark Inc. grew its position in Capital Group International Bond ETF (USD-Hedged) by 599.7% in the third quarter. Assetmark Inc. now owns 39,043 shares of the company’s stock worth $991,000 after acquiring an additional 33,463 shares in the last quarter.

Capital Group International Bond ETF (USD-Hedged) Trading Down 0.4%

Shares of Capital Group International Bond ETF (USD-Hedged) stock traded down $0.09 on Friday, hitting $25.03. 79,402 shares of the company traded hands, compared to its average volume of 92,947. Capital Group International Bond ETF has a 12-month low of $24.96 and a 12-month high of $27.23. The company has a 50-day moving average price of $25.46 and a 200 day moving average price of $25.45.

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

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.025 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 1.2%.

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.