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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 355,907 shares, a decrease of 57.2% from the May 31st total of 831,351 shares. Based on an average daily volume of 1,211,484 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at $243,000. Goldman Sachs Group Inc. increased its holdings in Capital Group Global Growth Equity ETF by 84.9% in the first quarter. Goldman Sachs Group Inc. now owns 79,640 shares of the company’s stock valued at $2,256,000 after buying an additional 36,578 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Capital Group Global Growth Equity ETF by 1,057.5% in the second quarter. JPMorgan Chase & Co. now owns 211,635 shares of the company’s stock valued at $6,766,000 after buying an additional 193,351 shares in the last quarter. Marshall Wace LLP acquired a new stake in Capital Group Global Growth Equity ETF in the second quarter valued at $1,802,000. Finally, Cerity Partners LLC lifted its holdings in Capital Group Global Growth Equity ETF by 3.3% during the 2nd quarter. Cerity Partners LLC now owns 31,002 shares of the company’s stock worth $992,000 after buying an additional 993 shares during the last quarter.

Capital Group Global Growth Equity ETF Stock Performance

Shares of CGGO traded up $0.62 during midday trading on Monday, hitting $41.81. The company had a trading volume of 967,182 shares, compared to its average volume of 1,336,563. Capital Group Global Growth Equity ETF has a 1 year low of $31.60 and a 1 year high of $42.88. The firm has a market capitalization of $11.31 billion, a P/E ratio of 22.37 and a beta of 1.02. The company’s 50-day simple moving average is $39.64 and its 200-day simple moving average is $36.90.

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.