Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Large Decrease in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 42,259 shares, a decrease of 93.7% from the October 15th total of 667,441 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 690,266 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Capital Group New Geography Equity ETF

Several large investors have recently bought and sold shares of CGNG. Benjamin Edwards Inc. lifted its holdings in Capital Group New Geography Equity ETF by 9.0% in the third quarter. Benjamin Edwards Inc. now owns 1,720,684 shares of the company’s stock valued at $62,718,000 after acquiring an additional 142,021 shares during the last quarter. Red Oak Financial Group LLC raised its position in Capital Group New Geography Equity ETF by 6.1% in the third quarter. Red Oak Financial Group LLC now owns 306,304 shares of the company’s stock valued at $11,165,000 after purchasing an additional 17,542 shares during the period. Beta Wealth Group Inc. raised its position in Capital Group New Geography Equity ETF by 4.9% in the third quarter. Beta Wealth Group Inc. now owns 50,490 shares of the company’s stock valued at $1,840,000 after purchasing an additional 2,377 shares during the period. Private Advisor Group LLC lifted its stake in shares of Capital Group New Geography Equity ETF by 24.2% in the 3rd quarter. Private Advisor Group LLC now owns 453,093 shares of the company’s stock valued at $16,515,000 after purchasing an additional 88,184 shares during the last quarter. Finally, Beckerman Institutional LLC lifted its stake in shares of Capital Group New Geography Equity ETF by 12.6% in the 3rd quarter. Beckerman Institutional LLC now owns 32,774 shares of the company’s stock valued at $1,195,000 after purchasing an additional 3,673 shares during the last quarter.

Capital Group New Geography Equity ETF Trading Down 1.1%

CGNG traded down $0.38 during midday trading on Thursday, hitting $33.52. 342,201 shares of the company traded hands, compared to its average volume of 633,047. The business has a 50 day simple moving average of $35.56 and a two-hundred day simple moving average of $35.14. Capital Group New Geography Equity ETF has a 52-week low of $30.13 and a 52-week high of $38.25. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.57 and a beta of 0.90.

Capital Group New Geography Equity ETF Company Profile

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.