Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Expands By 3,409.4%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 429,657 shares, an increase of 3,409.4% from the February 12th total of 12,243 shares. Based on an average daily trading volume, of 1,022,316 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,022,316 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Capital Group Global Equity ETF

A number of hedge funds have recently made changes to their positions in CGGE. Birchwood Financial Partners Inc. bought a new position in Capital Group Global Equity ETF during the 4th quarter valued at about $87,000. NewEdge Advisors LLC grew its stake in Capital Group Global Equity ETF by 49.7% during the fourth quarter. NewEdge Advisors LLC now owns 745,919 shares of the company’s stock worth $23,593,000 after buying an additional 247,797 shares during the last quarter. BNB Wealth Management LLC acquired a new stake in shares of Capital Group Global Equity ETF during the fourth quarter worth approximately $1,786,000. Cetera Investment Advisers increased its holdings in shares of Capital Group Global Equity ETF by 16.6% during the fourth quarter. Cetera Investment Advisers now owns 2,825,862 shares of the company’s stock worth $89,382,000 after buying an additional 402,152 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new position in shares of Capital Group Global Equity ETF in the fourth quarter valued at approximately $288,000.

Capital Group Global Equity ETF Trading Down 0.0%

CGGE stock traded down $0.01 during trading on Tuesday, hitting $31.83. The company had a trading volume of 1,132,186 shares, compared to its average volume of 954,941. The company has a fifty day moving average price of $32.45 and a two-hundred day moving average price of $31.49. Capital Group Global Equity ETF has a fifty-two week low of $22.76 and a fifty-two week high of $33.20. The company has a market cap of $1.93 billion, a P/E ratio of 24.18 and a beta of 0.72.

Capital Group Global Equity ETF Dividend Announcement

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

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.