Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Significant Decrease in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 355,907 shares, a decline of 57.2% from the May 31st total of 831,351 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 1,211,484 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of large investors have recently bought and sold shares of CGGO. Pflug Koory LLC acquired a new stake in Capital Group Global Growth Equity ETF during the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. acquired a new stake in shares of Capital Group Global Growth Equity ETF in the fourth quarter valued at about $41,000. CoreCap Advisors LLC raised its holdings in shares of Capital Group Global Growth Equity ETF by 35.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after buying an additional 319 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Capital Group Global Growth Equity ETF by 126.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock valued at $44,000 after buying an additional 707 shares during the period. Finally, TD Capital Management LLC acquired a new position in Capital Group Global Growth Equity ETF during the 4th quarter worth approximately $48,000.

Capital Group Global Growth Equity ETF Stock Up 1.5%

Capital Group Global Growth Equity ETF stock traded up $0.62 during mid-day trading on Monday, hitting $41.81. The company had a trading volume of 967,182 shares, compared to its average volume of 1,336,563. Capital Group Global Growth Equity ETF has a 1 year low of $31.60 and a 1 year high of $42.88. The business has a fifty day moving average of $39.64 and a 200 day moving average of $36.90. The stock has a market cap of $11.31 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02.

About Capital Group Global Growth Equity ETF

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.