Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Update

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 3,885,063 shares, a growth of 118.5% from the January 15th total of 1,778,257 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 4,334,942 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 4,334,942 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the shares of the company are short sold.

Capital Group Growth ETF Stock Up 0.3%

Shares of NYSEARCA CGGR traded up $0.11 during midday trading on Friday, hitting $42.65. 3,837,356 shares of the company’s stock were exchanged, compared to its average volume of 3,942,989. The firm has a market capitalization of $18.89 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12 month low of $29.23 and a 12 month high of $45.83. The company’s 50 day moving average price is $44.46 and its 200 day moving average price is $43.75.

Capital Group Growth ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.0424 dividend. This represents a dividend yield of 19.0%. The ex-dividend date was Friday, December 26th.

Institutional Trading of Capital Group Growth ETF

Hedge funds have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. boosted its stake in shares of Capital Group Growth ETF by 806.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Capital Group Growth ETF in the 3rd quarter valued at $25,000. New Millennium Group LLC bought a new stake in shares of Capital Group Growth ETF during the 3rd quarter valued at $25,000. Triumph Capital Management acquired a new stake in shares of Capital Group Growth ETF during the 3rd quarter worth $29,000. Finally, Fifth Third Bancorp grew its holdings in shares of 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 purchasing an additional 506 shares in the last quarter.

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.