Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Declines By 93.5%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 4,912 shares, a drop of 93.5% from the May 14th total of 75,114 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 780,886 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Capital Group Private Client Services Inc. grew its stake in Capital Group Global Equity ETF by 20.8% during the 4th quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock worth $171,217,000 after buying an additional 932,109 shares during the last quarter. Capital International Investors grew its stake in Capital Group Global Equity ETF by 15,343.0% during the 4th quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock worth $120,255,000 after buying an additional 3,777,296 shares during the last quarter. Cetera Investment Advisers grew its stake in Capital Group Global Equity ETF by 16.3% during the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock worth $100,198,000 after buying an additional 459,321 shares during the last quarter. LPL Financial LLC grew its stake in Capital Group Global Equity ETF by 43.1% during the 4th quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock worth $86,721,000 after buying an additional 826,247 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Capital Group Global Equity ETF by 356.3% during the 4th quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock worth $73,836,000 after buying an additional 1,822,747 shares during the last quarter.

Capital Group Global Equity ETF Stock Up 3.0%

NYSEARCA:CGGE traded up $0.98 during mid-day trading on Thursday, reaching $34.13. 485,377 shares of the stock were exchanged, compared to its average volume of 784,704. The company has a 50 day simple moving average of $33.13 and a 200-day simple moving average of $32.32. The stock has a market capitalization of $2.59 billion, a P/E ratio of 24.18 and a beta of 0.82. Capital Group Global Equity ETF has a 1 year low of $27.85 and a 1 year high of $34.76.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.