Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Significant Growth in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 1,243,765 shares, an increase of 246.4% from the December 15th total of 359,048 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 1,036,091 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 1,036,091 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank acquired a new stake in shares of Capital Group Global Growth Equity ETF in the third quarter worth $48,000. Richardson Capital Management LLC boosted its position in Capital Group Global Growth Equity ETF by 658.0% during the 3rd quarter. Richardson Capital Management LLC now owns 1,425 shares of the company’s stock worth $49,000 after purchasing an additional 1,237 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Capital Group Global Growth Equity ETF by 102.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,989 shares of the company’s stock valued at $69,000 after purchasing an additional 1,008 shares in the last quarter. Allworth Financial LP raised its position in Capital Group Global Growth Equity ETF by 76.5% in the third quarter. Allworth Financial LP now owns 2,423 shares of the company’s stock valued at $83,000 after purchasing an additional 1,050 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Capital Group Global Growth Equity ETF by 85.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,638 shares of the company’s stock worth $84,000 after purchasing an additional 1,217 shares in the last quarter.

Capital Group Global Growth Equity ETF Trading Up 0.2%

NYSEARCA:CGGO opened at $36.12 on Tuesday. The firm has a market cap of $8.54 billion, a PE ratio of 22.37 and a beta of 0.96. The stock has a fifty day moving average price of $34.66 and a 200 day moving average price of $33.75. Capital Group Global Growth Equity ETF has a 12-month low of $24.67 and a 12-month high of $36.24.

Capital Group Global Growth Equity ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.3978 per share. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 227.0%.

About Capital Group Global Growth Equity ETF

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.