Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Drops By 49.9%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 502,673 shares, a drop of 49.9% from the January 29th total of 1,003,279 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 1,399,548 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 1,399,548 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Capital Group Global Growth Equity ETF Trading Down 0.1%

Shares of CGGO stock opened at $36.92 on Friday. Capital Group Global Growth Equity ETF has a 12-month low of $24.67 and a 12-month high of $37.10. The business’s fifty day simple moving average is $35.96 and its 200-day simple moving average is $34.67. The company has a market cap of $9.01 billion, a PE ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a dividend of $0.3978 per share. This represents a yield of 227.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Institutional investors have recently added to or reduced their stakes in the business. Pflug Koory LLC acquired a new stake in Capital Group Global Growth Equity ETF in the 4th quarter worth approximately $25,000. Miller Capital Partners Inc. acquired a new stake in shares of Capital Group Global Growth Equity ETF during the fourth quarter worth $41,000. CoreCap Advisors LLC grew its holdings in shares of Capital Group Global Growth Equity ETF by 35.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after buying an additional 319 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Capital Group Global Growth Equity ETF by 126.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock worth $44,000 after acquiring an additional 707 shares during the last quarter. Finally, Huntington National Bank purchased a new position in Capital Group Global Growth Equity ETF in the 3rd quarter worth $48,000.

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.