Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Declines By 95.3%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 60,685 shares, a decrease of 95.3% from the May 31st total of 1,287,052 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 791,330 shares, the short-interest ratio is presently 0.1 days.

Capital Group New Geography Equity ETF Trading Up 0.9%

Shares of CGNG traded up $0.34 during mid-day trading on Thursday, reaching $36.82. The company’s stock had a trading volume of 525,195 shares, compared to its average volume of 654,497. The stock has a market cap of $2.19 billion, a P/E ratio of 19.57 and a beta of 0.83. Capital Group New Geography Equity ETF has a 1-year low of $28.20 and a 1-year high of $38.25. The business has a 50-day simple moving average of $35.91 and a two-hundred day simple moving average of $33.96.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its stake in shares of Capital Group New Geography Equity ETF by 9.3% during the 1st quarter. NewEdge Advisors LLC now owns 719,193 shares of the company’s stock worth $22,705,000 after buying an additional 61,277 shares during the last quarter. Security Financial Services INC. raised its holdings in Capital Group New Geography Equity ETF by 18.1% in the 1st quarter. Security Financial Services INC. now owns 16,394 shares of the company’s stock valued at $518,000 after acquiring an additional 2,512 shares during the period. J. Derek Lewis & Associates Inc. raised its holdings in Capital Group New Geography Equity ETF by 21.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 127,409 shares of the company’s stock valued at $4,047,000 after acquiring an additional 22,128 shares during the period. Western Wealth Management LLC raised its holdings in Capital Group New Geography Equity ETF by 146.3% in the 1st quarter. Western Wealth Management LLC now owns 104,598 shares of the company’s stock valued at $3,302,000 after acquiring an additional 62,134 shares during the period. Finally, Bank of America Corp DE lifted its position in Capital Group New Geography Equity ETF by 131.4% during the first quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock worth $41,129,000 after acquiring an additional 739,844 shares during 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.