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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 110,935 shares, a decline of 68.8% from the June 15th total of 355,907 shares. Based on an average daily volume of 1,450,149 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Pflug Koory LLC acquired a new stake in Capital Group Global Growth Equity ETF in the fourth quarter worth about $25,000. Miller Capital Partners Inc. purchased a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at approximately $41,000. CoreCap Advisors LLC raised its position in shares of Capital Group Global Growth Equity ETF by 35.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after purchasing an additional 319 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Capital Group Global Growth Equity ETF by 126.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock worth $44,000 after purchasing an additional 707 shares in the last quarter. Finally, TD Capital Management LLC acquired a new stake in Capital Group Global Growth Equity ETF in the 4th quarter worth approximately $48,000.

Capital Group Global Growth Equity ETF Trading Up 1.1%

Shares of CGGO stock traded up $0.43 during trading hours on Tuesday, reaching $40.39. 967,303 shares of the company’s stock were exchanged, compared to its average volume of 1,330,489. Capital Group Global Growth Equity ETF has a fifty-two week low of $31.67 and a fifty-two week high of $42.88. The stock’s 50 day moving average is $40.49 and its 200-day moving average is $37.40. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01.

Capital Group Global Growth Equity ETF Company Profile

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.