Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Down 37.9% in August

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,718,830 shares, a decline of 37.9% from the July 30th total of 4,375,915 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average trading volume of 2,700,024 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Capital Group Growth ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Capital Group Growth ETF by 174.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock valued at $10,954,000 after acquiring an additional 203,151 shares during the period. First Trust Advisors LP acquired a new stake in shares of Capital Group Growth ETF in the second quarter worth $211,000. Cerity Partners LLC raised its holdings in shares of Capital Group Growth ETF by 176.7% during the second quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock worth $2,715,000 after purchasing an additional 42,631 shares during the last quarter. Sei Investments Co. lifted its position in Capital Group Growth ETF by 19.5% during the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock valued at $47,277,000 after purchasing an additional 189,933 shares during the period. Finally, Diversify Wealth Management LLC purchased a new stake in Capital Group Growth ETF in the second quarter valued at $320,000.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $46.99 on Monday. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02. The stock’s fifty day simple moving average is $46.28 and its two-hundred day simple moving average is $44.75. The stock has a market capitalization of $25.29 billion, a PE ratio of 30.88 and a beta of 1.18.

Capital Group Growth ETF Company Profile

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.