Capital Group Growth ETF (NYSEARCA:CGGR) Sees Significant Increase in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,885,063 shares, a growth of 118.5% from the January 15th total of 1,778,257 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 4,334,942 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 4,334,942 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.9% of the company’s stock are short sold.

Capital Group Growth ETF Price Performance

Shares of CGGR stock traded up $0.11 during trading hours on Friday, reaching $42.65. 3,837,356 shares of the stock were exchanged, compared to its average volume of 3,942,989. The business’s fifty day moving average is $44.46 and its two-hundred day moving average is $43.75. The firm has a market capitalization of $18.89 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83.

Capital Group Growth ETF Announces Dividend

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

Hedge Funds Weigh In On Capital Group Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of CGGR. Hazlett Burt & Watson Inc. raised its stake in Capital Group Growth ETF by 806.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. New Millennium Group LLC purchased a new position in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth about $29,000. Finally, Fifth Third Bancorp lifted its stake in Capital Group Growth ETF by 285.9% during the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after purchasing an additional 506 shares during the last quarter.

Capital Group Growth ETF Company Profile

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.