Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Update

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 329,962 shares, a decrease of 20.5% from the November 30th total of 415,114 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 2,299,871 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 2,299,871 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Capital Group Growth ETF Stock Down 0.7%

Shares of NYSEARCA:CGGR traded down $0.33 on Wednesday, reaching $44.47. The company had a trading volume of 2,339,755 shares, compared to its average volume of 2,918,686. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83. The stock has a 50-day moving average price of $44.17 and a 200 day moving average price of $42.89. The stock has a market capitalization of $17.81 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.0424 dividend. This represents a dividend yield of 19.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On Capital Group Growth ETF

A number of large investors have recently added to or reduced their stakes in CGGR. Melone Private Wealth LLC bought a new stake in Capital Group Growth ETF during the 3rd quarter worth about $637,000. Ergawealth Advisors Inc. raised its stake in shares of Capital Group Growth ETF by 5.1% in the third quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock worth $29,346,000 after acquiring an additional 32,438 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Capital Group Growth ETF by 16.7% during the third quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock worth $19,487,000 after purchasing an additional 63,418 shares in the last quarter. Johnson Bixby & Associates LLC lifted its position in shares of Capital Group Growth ETF by 1.6% during the third quarter. Johnson Bixby & Associates LLC now owns 1,345,920 shares of the company’s stock worth $59,113,000 after purchasing an additional 21,434 shares in the last quarter. Finally, Beacon Financial Group grew its stake in shares of Capital Group Growth ETF by 21.6% during the third quarter. Beacon Financial Group now owns 300,583 shares of the company’s stock valued at $13,202,000 after purchasing an additional 53,475 shares during the last quarter.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.