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

Capital Group International Bond ETF (USD-Hedged) (NYSEARCA:CGIB) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 43,400 shares, an increase of 40.9% from the September 30th total of 30,800 shares. Based on an average daily volume of 42,200 shares, the short-interest ratio is presently 1.0 days. Currently, 1.5% of the shares of the company are sold short. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 42,200 shares, the short-interest ratio is presently 1.0 days.

Capital Group International Bond ETF (USD-Hedged) Stock Down 0.0%

CGIB opened at $25.58 on Wednesday. Capital Group International Bond ETF has a fifty-two week low of $24.63 and a fifty-two week high of $27.23. The company has a fifty day moving average of $25.40 and a two-hundred day moving average of $25.44.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were issued a $0.0247 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 1.2%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new position in Capital Group International Bond ETF (USD-Hedged) in the second quarter valued at $54,000. Strategic Blueprint LLC increased its holdings in Capital Group International Bond ETF (USD-Hedged) by 16.4% in the third quarter. Strategic Blueprint LLC now owns 21,124 shares of the company’s stock valued at $536,000 after buying an additional 2,977 shares in the last quarter. Harbour Investments Inc. purchased a new position in Capital Group International Bond ETF (USD-Hedged) in the first quarter valued at $83,000. ORG Partners LLC increased its holdings in Capital Group International Bond ETF (USD-Hedged) by 52.9% in the third quarter. ORG Partners LLC now owns 11,195 shares of the company’s stock valued at $284,000 after buying an additional 3,874 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in Capital Group International Bond ETF (USD-Hedged) in the second quarter valued at $141,000.

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.