Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Increases By 370.2%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 740,295 shares, a growth of 370.2% from the August 15th total of 157,433 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 501,291 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sittner & Nelson LLC increased its holdings in Capital Group Global Equity ETF by 7.3% in the 3rd quarter. Sittner & Nelson LLC now owns 7,388 shares of the company’s stock worth $227,000 after purchasing an additional 500 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in Capital Group Global Equity ETF by 3.7% in the fourth quarter. Ausdal Financial Partners Inc. now owns 13,891 shares of the company’s stock valued at $439,000 after purchasing an additional 501 shares during the last quarter. Bleakley Financial Group LLC boosted its stake in shares of Capital Group Global Equity ETF by 6.2% during the first quarter. Bleakley Financial Group LLC now owns 12,079 shares of the company’s stock valued at $368,000 after purchasing an additional 707 shares in the last quarter. Balboa Wealth Partners boosted its stake in shares of Capital Group Global Equity ETF by 5.1% during the first quarter. Balboa Wealth Partners now owns 19,586 shares of the company’s stock valued at $597,000 after purchasing an additional 955 shares in the last quarter. Finally, Financial Council LLC grew its holdings in shares of Capital Group Global Equity ETF by 15.1% during the first quarter. Financial Council LLC now owns 8,372 shares of the company’s stock worth $255,000 after purchasing an additional 1,100 shares during the last quarter.

Capital Group Global Equity ETF Trading Up 0.8%

NYSEARCA CGGE traded up $0.29 during trading on Friday, hitting $34.93. 358,895 shares of the company’s stock were exchanged, compared to its average volume of 693,956. The company has a market cap of $2.97 billion, a PE ratio of 24.18 and a beta of 0.80. Capital Group Global Equity ETF has a fifty-two week low of $29.39 and a fifty-two week high of $36.08. The stock’s 50 day moving average price is $35.07 and its two-hundred day moving average price is $33.69.

Capital Group Global Equity ETF Company Profile

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.