Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) Short Interest Up 201.9% in September

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 31,100 shares, an increase of 201.9% from the August 31st total of 10,300 shares. Based on an average daily trading volume, of 37,000 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 37,000 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Capital Group International Bond ETF (USD-Hedged) by 770.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 68,950 shares of the company’s stock worth $1,740,000 after purchasing an additional 61,030 shares in the last quarter. Royal Bank of Canada increased its holdings 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 worth $1,699,000 after buying an additional 66,772 shares during the last quarter. Sei Investments Co. bought a new position in Capital Group International Bond ETF (USD-Hedged) during the second quarter valued at approximately $472,000. Strategic Blueprint LLC acquired a new stake in Capital Group International Bond ETF (USD-Hedged) in the second quarter valued at approximately $458,000. Finally, Jane Street Group LLC bought a new stake in Capital Group International Bond ETF (USD-Hedged) in the second quarter worth approximately $436,000.

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

Shares of NYSEARCA:CGIB opened at $25.36 on Friday. The firm has a fifty day moving average of $25.27 and a two-hundred day moving average of $25.43. Capital Group International Bond ETF has a 12-month low of $24.63 and a 12-month high of $27.23.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a $0.0252 dividend. The ex-dividend date was Monday, September 29th. 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.