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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 549,581 shares, an increase of 395.4% from the June 30th total of 110,935 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,163,622 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CGGO. Corient Private Wealth LLC lifted its position in Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock valued at $700,335,000 after acquiring an additional 19,525,691 shares during the period. LPL Financial LLC grew its holdings in Capital Group Global Growth Equity ETF by 14.9% in the fourth quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after purchasing an additional 1,958,085 shares during the period. Wells Fargo & Company MN grew its holdings in Capital Group Global Growth Equity ETF by 32.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,847,836 shares of the company’s stock worth $202,628,000 after purchasing an additional 1,433,295 shares during the period. Morgan Stanley increased its stake in shares of Capital Group Global Growth Equity ETF by 15.3% during the fourth quarter. Morgan Stanley now owns 9,961,008 shares of the company’s stock valued at $345,149,000 after purchasing an additional 1,321,604 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Capital Group Global Growth Equity ETF by 9.3% during the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock valued at $454,965,000 after purchasing an additional 1,121,445 shares in the last quarter.

Capital Group Global Growth Equity ETF Price Performance

CGGO stock traded down $0.59 during midday trading on Friday, hitting $39.09. The stock had a trading volume of 1,128,993 shares, compared to its average volume of 1,336,359. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01. The business has a 50-day moving average of $40.56 and a two-hundred day moving average of $37.67. Capital Group Global Growth Equity ETF has a 52-week low of $31.67 and a 52-week high of $42.88.

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.