Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Down 98.9% in March

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 4,604 shares, a drop of 98.9% from the February 26th total of 429,657 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,198,557 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 1,198,557 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Capital Group Global Equity ETF Price Performance

Shares of CGGE stock traded down $0.16 during trading hours on Tuesday, hitting $30.53. The stock had a trading volume of 919,932 shares, compared to its average volume of 916,901. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 24.18 and a beta of 0.72. Capital Group Global Equity ETF has a one year low of $22.76 and a one year high of $33.20. The stock’s 50-day moving average price is $32.19 and its two-hundred day moving average price is $31.58.

Capital Group Global Equity ETF Announces Dividend

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

Institutional Trading of Capital Group Global Equity ETF

Hedge funds have recently modified their holdings of the company. Financial Perspectives Inc bought a new position in shares of Capital Group Global Equity ETF during the 3rd quarter valued at approximately $35,000. Ameritas Advisory Services LLC bought a new stake in Capital Group Global Equity ETF in the third quarter worth $49,000. TD Waterhouse Canada Inc. purchased a new stake in Capital Group Global Equity ETF during the fourth quarter valued at $58,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Global Equity ETF during the third quarter valued at $73,000. Finally, Comerica Bank bought a new position in Capital Group Global Equity ETF during the third quarter valued at $82,000.

Capital Group Global Equity ETF Company Profile

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.