Capital Group International Focus Equity ETF (NYSEARCA:CGXU – Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 570,516 shares, a drop of 83.1% from the June 30th total of 3,377,570 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 999,587 shares, the short-interest ratio is currently 0.6 days.
Capital Group International Focus Equity ETF Stock Performance
Shares of CGXU stock traded down $0.36 during midday trading on Friday, reaching $33.25. 871,200 shares of the company were exchanged, compared to its average volume of 923,113. The company’s 50 day moving average price is $34.31 and its two-hundred day moving average price is $32.29. The company has a market cap of $6.16 billion, a P/E ratio of 17.44 and a beta of 0.94. Capital Group International Focus Equity ETF has a 12 month low of $26.31 and a 12 month high of $36.27.
Institutional Investors Weigh In On Capital Group International Focus Equity ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in Capital Group International Focus Equity ETF in the fourth quarter worth approximately $28,000. Parallel Advisors LLC bought a new stake in shares of Capital Group International Focus Equity ETF in the 1st quarter worth $68,000. IFP Advisors Inc raised its stake in shares of Capital Group International Focus Equity ETF by 103.1% in the 3rd quarter. IFP Advisors Inc now owns 2,388 shares of the company’s stock worth $71,000 after buying an additional 1,212 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Capital Group International Focus Equity ETF by 18.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,756 shares of the company’s stock worth $81,000 after buying an additional 436 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in shares of Capital Group International Focus Equity ETF by 191.9% in the fourth quarter. CoreCap Advisors LLC now owns 2,820 shares of the company’s stock valued at $83,000 after buying an additional 1,854 shares during the period.
About Capital Group International Focus Equity ETF
The Capital Group International Focus Equity ETF (CGXU) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in stocks of non-US companies that the adviser believes have high growth potential. CGXU was launched on Feb 22, 2022 and is managed by Capital Group.
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