Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Decreases By 93.9%

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 12,243 shares, a decline of 93.9% from the January 29th total of 199,382 shares. Based on an average daily volume of 562,173 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 562,173 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGGE. Ascent Group LLC bought a new position in shares of Capital Group Global Equity ETF during the 3rd quarter valued at about $529,000. Envestnet Portfolio Solutions Inc. lifted its position in Capital Group Global Equity ETF by 265.3% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 254,247 shares of the company’s stock worth $7,828,000 after buying an additional 184,653 shares during the last quarter. Intrua Financial LLC boosted its stake in Capital Group Global Equity ETF by 45.3% in the third quarter. Intrua Financial LLC now owns 179,966 shares of the company’s stock worth $5,541,000 after buying an additional 56,096 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Capital Group Global Equity ETF by 36.0% during the third quarter. Commonwealth Equity Services LLC now owns 467,546 shares of the company’s stock valued at $14,396,000 after acquiring an additional 123,691 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in shares of Capital Group Global Equity ETF by 16.9% during the third quarter. Merit Financial Group LLC now owns 148,996 shares of the company’s stock worth $4,588,000 after acquiring an additional 21,509 shares in the last quarter.

Capital Group Global Equity ETF Stock Performance

CGGE traded up $0.23 on Wednesday, reaching $33.12. The company had a trading volume of 1,764,382 shares, compared to its average volume of 856,500. Capital Group Global Equity ETF has a 52-week low of $22.76 and a 52-week high of $33.13. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 24.18 and a beta of 0.72. The business has a 50 day simple moving average of $32.38 and a 200 day simple moving average of $31.34.

Capital Group Global Equity ETF Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.1276 per share. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 40.0%.

About Capital Group Global Equity ETF

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.