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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 281,283 shares, a decline of 74.4% from the February 26th total of 1,100,404 shares. Based on an average trading volume of 1,316,202 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 1,316,202 shares, the short-interest ratio is currently 0.2 days.

Capital Group Global Growth Equity ETF Stock Performance

Shares of NYSEARCA CGGO traded up $0.18 during trading hours on Wednesday, reaching $34.08. 1,161,277 shares of the stock were exchanged, compared to its average volume of 1,404,493. The firm has a market capitalization of $8.32 billion, a price-to-earnings ratio of 22.37 and a beta of 0.96. Capital Group Global Growth Equity ETF has a 52 week low of $24.67 and a 52 week high of $37.10. The stock’s fifty day simple moving average is $35.84 and its 200 day simple moving average is $34.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pflug Koory LLC bought a new stake in shares of Capital Group Global Growth Equity ETF in the fourth quarter valued at about $25,000. Miller Capital Partners Inc. bought a new position in Capital Group Global Growth Equity ETF during the fourth quarter worth about $41,000. CoreCap Advisors LLC raised its stake in Capital Group Global Growth Equity ETF by 35.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock worth $42,000 after purchasing an additional 319 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Capital Group Global Growth Equity ETF by 126.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock valued at $44,000 after purchasing an additional 707 shares during the period. Finally, Huntington National Bank bought a new stake in Capital Group Global Growth Equity ETF in the 3rd quarter valued at about $48,000.

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.