Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Down 68.1% in May

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 976,746 shares, a decline of 68.1% from the April 30th total of 3,058,327 shares. Based on an average trading volume of 2,446,557 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

Capital Group Growth ETF Stock Up 0.4%

Shares of CGGR stock traded up $0.18 during trading hours on Friday, reaching $47.73. 1,689,830 shares of the stock traded hands, compared to its average volume of 3,507,549. The business has a fifty day moving average price of $43.77 and a 200 day moving average price of $43.81. The firm has a market capitalization of $23.73 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1-year low of $37.64 and a 1-year high of $47.85.

Hedge Funds Weigh In On Capital Group Growth ETF

Large investors have recently made changes to their positions in the business. Hazlett Burt & Watson Inc. lifted its position 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 worth $25,000 after purchasing an additional 500 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Capital Group Growth ETF in the 3rd quarter worth approximately $25,000. New Millennium Group LLC purchased a new stake in Capital Group Growth ETF in the 3rd quarter worth approximately $25,000. Triumph Capital Management purchased a new stake in Capital Group Growth ETF in the 3rd quarter worth approximately $29,000. Finally, Fifth Third Bancorp lifted its position in Capital Group Growth ETF by 285.9% in the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after buying an additional 506 shares in the last quarter.

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.