Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Drops By 49.9%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 502,673 shares, a decrease of 49.9% from the January 29th total of 1,003,279 shares. Based on an average daily volume of 1,399,548 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 1,399,548 shares, the short-interest ratio is presently 0.4 days.

Capital Group Global Growth Equity ETF Stock Down 0.1%

Shares of CGGO stock opened at $36.92 on Friday. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 22.37 and a beta of 0.96. Capital Group Global Growth Equity ETF has a 52-week low of $24.67 and a 52-week high of $37.10. The company’s 50 day moving average is $35.96 and its 200 day moving average is $34.67.

Capital Group Global Growth Equity ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.3978 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 227.0%.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

A number of hedge funds have recently made changes to their positions in the stock. Pflug Koory LLC purchased a new position in Capital Group Global Growth Equity ETF in the fourth quarter valued at about $25,000. Miller Capital Partners Inc. bought a new stake in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at about $41,000. CoreCap Advisors LLC boosted its holdings in shares of Capital Group Global Growth Equity ETF by 35.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after buying an additional 319 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Capital Group Global Growth Equity ETF by 126.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock worth $44,000 after buying an additional 707 shares during the last quarter. Finally, Huntington National Bank purchased a new position in shares of Capital Group Global Growth Equity ETF in the 3rd quarter worth approximately $48,000.

About Capital Group Global Growth Equity ETF

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.