Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Up 490.7% in June

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 424,948 shares, an increase of 490.7% from the June 15th total of 71,944 shares. Based on an average daily volume of 674,577 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are short sold.

Capital Group Global Equity ETF Stock Performance

Capital Group Global Equity ETF stock traded down $0.46 on Monday, reaching $34.44. The company’s stock had a trading volume of 259,506 shares, compared to its average volume of 754,840. The business’s fifty day moving average price is $34.26 and its 200 day moving average price is $32.85. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 24.18 and a beta of 0.80. Capital Group Global Equity ETF has a twelve month low of $28.74 and a twelve month high of $35.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in Capital Group Global Equity ETF by 15,343.0% during the 4th quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock worth $120,255,000 after acquiring an additional 3,777,296 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Capital Group Global Equity ETF by 356.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock worth $73,836,000 after acquiring an additional 1,822,747 shares during the last quarter. Clarius Group LLC acquired a new position in shares of Capital Group Global Equity ETF during the fourth quarter worth approximately $34,894,000. Capital Group Private Client Services Inc. lifted its position in shares of Capital Group Global Equity ETF by 20.8% during the fourth quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock worth $171,217,000 after purchasing an additional 932,109 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Capital Group Global Equity ETF by 43.1% during the fourth quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock valued at $86,721,000 after purchasing an additional 826,247 shares during the last quarter.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.