Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Update

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 829,307 shares, a growth of 142.6% from the August 15th total of 341,786 shares. Based on an average trading volume of 558,720 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.1% of the shares of the stock are sold short.

Institutional Trading of Capital Group New Geography Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in Capital Group New Geography Equity ETF by 2,330.7% in the 1st quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after buying an additional 336,020 shares in the last quarter. Baird Financial Group Inc. increased its stake in Capital Group New Geography Equity ETF by 154.6% during the 2nd quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock worth $3,189,000 after buying an additional 67,218 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in Capital Group New Geography Equity ETF by 10.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock worth $381,000 after buying an additional 1,300 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Capital Group New Geography Equity ETF by 131.3% during the second quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after acquiring an additional 421,319 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Capital Group New Geography Equity ETF by 1,393.3% during the second quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock valued at $7,894,000 after acquiring an additional 255,637 shares during the last quarter.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA CGNG traded down $0.60 on Monday, hitting $36.38. The company had a trading volume of 291,173 shares, compared to its average volume of 636,899. The company’s fifty day moving average price is $36.36 and its 200-day moving average price is $35.25. The company has a market capitalization of $2.77 billion, a PE ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a 12-month low of $30.13 and a 12-month high of $38.25.

About Capital Group New Geography Equity ETF

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.