Capital Group Growth ETF (NYSEARCA:CGGR) Sees Significant Growth in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,794,143 shares, an increase of 83.7% from the May 14th total of 976,746 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 2,572,402 shares, the days-to-cover ratio is currently 0.7 days.

Capital Group Growth ETF Stock Up 2.5%

Shares of Capital Group Growth ETF stock traded up $1.14 during trading on Monday, reaching $46.96. The company’s stock had a trading volume of 242,623 shares, compared to its average volume of 3,389,438. Capital Group Growth ETF has a 52-week low of $38.49 and a 52-week high of $48.02. The firm’s 50-day moving average is $44.97 and its two-hundred day moving average is $44.04. The company has a market cap of $23.34 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. New Millennium Group LLC bought a new stake in shares of Capital Group Growth ETF in the 3rd quarter valued at about $25,000. Triumph Capital Management bought a new position in Capital Group Growth ETF during the 3rd quarter worth approximately $29,000. Fifth Third Bancorp grew its position in Capital Group Growth ETF by 285.9% during the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after acquiring an additional 506 shares during the last quarter. Mark Sheptoff Financial Planning LLC grew its position in Capital Group Growth ETF by 88.7% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock worth $47,000 after acquiring an additional 500 shares during the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new position in Capital Group Growth ETF in the 3rd quarter worth approximately $60,000.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.