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

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 62,371 shares, a growth of 52.8% from the December 15th total of 40,806 shares. Based on an average trading volume of 1,183,448 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 1,183,448 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ascent Group LLC acquired a new stake in shares of Capital Group Global Equity ETF during the third quarter worth $529,000. Truist Financial Corp boosted its stake in Capital Group Global Equity ETF by 5.9% in the 2nd quarter. Truist Financial Corp now owns 59,497 shares of the company’s stock worth $1,737,000 after purchasing an additional 3,324 shares during the period. DAVENPORT & Co LLC bought a new position in Capital Group Global Equity ETF during the 2nd quarter worth about $245,000. IFP Advisors Inc raised its stake in shares of Capital Group Global Equity ETF by 80.2% in the 2nd quarter. IFP Advisors Inc now owns 1,211 shares of the company’s stock valued at $35,000 after purchasing an additional 539 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Capital Group Global Equity ETF by 36.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 467,546 shares of the company’s stock valued at $14,396,000 after purchasing an additional 123,691 shares during the period.

Capital Group Global Equity ETF Stock Performance

Shares of NYSEARCA:CGGE opened at $32.73 on Friday. The company has a 50 day moving average price of $31.62 and a two-hundred day moving average price of $30.71. The company has a market capitalization of $1.84 billion, a PE ratio of 24.18 and a beta of 0.72. Capital Group Global Equity ETF has a 52 week low of $22.76 and a 52 week high of $32.81.

Capital Group Global Equity ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.1276 dividend. The ex-dividend date was Friday, December 26th. This represents a dividend yield of 40.0%.

About Capital Group Global Equity ETF

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.