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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 759,721 shares, a decrease of 43.8% from the July 30th total of 1,352,732 shares. Based on an average trading volume of 1,063,705 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Capital Group Global Growth Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Miller Capital Partners Inc. bought a new stake in Capital Group Global Growth Equity ETF in the 4th quarter valued at about $41,000. TD Capital Management LLC acquired a new stake in Capital Group Global Growth Equity ETF in the fourth quarter worth approximately $48,000. Sunbelt Securities Inc. lifted its position in Capital Group Global Growth Equity ETF by 91.7% in the first quarter. Sunbelt Securities Inc. now owns 1,449 shares of the company’s stock worth $48,000 after purchasing an additional 693 shares during the period. Ameriflex Group Inc. boosted its stake in Capital Group Global Growth Equity ETF by 47.5% during the 4th quarter. Ameriflex Group Inc. now owns 1,401 shares of the company’s stock valued at $49,000 after purchasing an additional 451 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Capital Group Global Growth Equity ETF during the 1st quarter valued at $67,000.

Capital Group Global Growth Equity ETF Trading Down 1.1%

Shares of Capital Group Global Growth Equity ETF stock traded down $0.43 during trading hours on Tuesday, reaching $39.74. The stock had a trading volume of 1,144,436 shares, compared to its average volume of 1,305,511. The firm has a market capitalization of $11.50 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02. Capital Group Global Growth Equity ETF has a 1 year low of $31.94 and a 1 year high of $42.88. The firm has a 50 day simple moving average of $40.45 and a two-hundred day simple moving average of $38.45.

Capital Group Global Growth Equity ETF Company Profile

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.