Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Significant Growth in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 217,932 shares, a growth of 78.8% from the January 29th total of 121,886 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 627,255 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 627,255 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

Capital Group New Geography Equity ETF Trading Down 0.5%

Shares of NYSEARCA CGNG traded down $0.17 during trading hours on Friday, hitting $34.61. 441,482 shares of the company traded hands, compared to its average volume of 621,512. Capital Group New Geography Equity ETF has a 12 month low of $22.22 and a 12 month high of $35.12. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. The company’s 50 day moving average price is $33.53 and its 200 day moving average price is $31.85.

Capital Group New Geography Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.217 per share. This represents a dividend yield of 67.0%. The ex-dividend date was Friday, December 26th.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Valmark Advisers Inc. purchased a new position in shares of Capital Group New Geography Equity ETF during the third quarter worth about $663,000. World Investment Advisors acquired a new stake in Capital Group New Geography Equity ETF in the second quarter valued at $205,000. Assetmark Inc. purchased a new stake in Capital Group New Geography Equity ETF during the second quarter worth about $458,000. Cornell Pochily Investment Advisors Inc. grew its holdings in shares of Capital Group New Geography Equity ETF by 117.6% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 41,891 shares of the company’s stock worth $1,294,000 after acquiring an additional 22,639 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in shares of Capital Group New Geography Equity ETF by 106.9% in the second quarter. Orion Porfolio Solutions LLC now owns 58,584 shares of the company’s stock valued at $1,688,000 after buying an additional 30,265 shares in the last quarter.

About Capital Group New Geography Equity ETF

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.