Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 157,433 shares, a decline of 88.3% from the July 30th total of 1,342,312 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 503,411 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CGGE. Ameritas Advisory Services LLC grew its holdings in Capital Group Global Equity ETF by 225.0% during the 2nd quarter. Ameritas Advisory Services LLC now owns 21,665 shares of the company’s stock worth $763,000 after acquiring an additional 14,998 shares during the last quarter. Kintra Wealth LLC lifted its position in shares of Capital Group Global Equity ETF by 30.7% during the second quarter. Kintra Wealth LLC now owns 285,637 shares of the company’s stock worth $10,280,000 after purchasing an additional 67,097 shares in the last quarter. Hopwood Nicholas Hunter acquired a new position in shares of Capital Group Global Equity ETF during the second quarter worth approximately $4,683,000. TD Waterhouse Canada Inc. lifted its stake in shares of Capital Group Global Equity ETF by 28.5% during the second quarter. TD Waterhouse Canada Inc. now owns 417,606 shares of the company’s stock valued at $14,572,000 after acquiring an additional 92,746 shares during the period. Finally, A&I Financial Services LLC increased its position in Capital Group Global Equity ETF by 16.9% in the second quarter. A&I Financial Services LLC now owns 76,848 shares of the company’s stock worth $2,708,000 after purchasing an additional 11,135 shares during the period.

Capital Group Global Equity ETF Stock Down 0.2%

CGGE stock traded down $0.06 during midday trading on Friday, reaching $35.42. 766,430 shares of the company’s stock traded hands, compared to its average volume of 708,182. The company has a 50-day simple moving average of $35.00 and a two-hundred day simple moving average of $33.51. Capital Group Global Equity ETF has a 1-year low of $29.39 and a 1-year high of $36.08. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81.

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.