Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Large Increase in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,287,052 shares, a growth of 515.2% from the May 14th total of 209,205 shares. Based on an average daily trading volume, of 1,064,292 shares, the short-interest ratio is presently 1.2 days. Approximately 2.2% of the company’s stock are short sold.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of large investors have recently added to or reduced their stakes in CGNG. Royal Bank of Canada boosted its position in Capital Group New Geography Equity ETF by 2,330.7% during the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock worth $8,817,000 after purchasing an additional 336,020 shares during the period. Baird Financial Group Inc. boosted its position in Capital Group New Geography Equity ETF by 154.6% during the second quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock worth $3,189,000 after purchasing an additional 67,218 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in shares of Capital Group New Geography Equity ETF by 10.9% during the second quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock worth $381,000 after buying an additional 1,300 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group New Geography Equity ETF by 131.3% during the second quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock worth $21,383,000 after buying an additional 421,319 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 1,393.3% during the second quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock worth $7,894,000 after buying an additional 255,637 shares during the last quarter.

Capital Group New Geography Equity ETF Stock Up 4.2%

Shares of NYSEARCA:CGNG traded up $1.46 on Thursday, reaching $36.29. The company had a trading volume of 1,448,203 shares, compared to its average volume of 665,011. Capital Group New Geography Equity ETF has a twelve month low of $27.36 and a twelve month high of $37.60. The stock has a 50-day moving average price of $34.95 and a 200 day moving average price of $33.53. The stock has a market capitalization of $2.16 billion, a P/E ratio of 19.57 and a beta of 0.83.

Capital Group New Geography Equity ETF Company Profile

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.