Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 740,295 shares, a growth of 370.2% from the August 15th total of 157,433 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average trading volume of 501,291 shares, the short-interest ratio is currently 1.5 days.

Capital Group Global Equity ETF Stock Up 0.8%

Capital Group Global Equity ETF stock traded up $0.29 during midday trading on Friday, hitting $34.93. 358,895 shares of the stock were exchanged, compared to its average volume of 693,956. The stock has a market capitalization of $2.97 billion, a PE ratio of 24.18 and a beta of 0.80. The company has a fifty day simple moving average of $35.07 and a two-hundred day simple moving average of $33.69. Capital Group Global Equity ETF has a 52 week low of $29.39 and a 52 week high of $36.08.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital International Investors increased 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 purchasing an additional 3,777,296 shares in the last quarter. Wells Fargo & Company MN lifted its holdings 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 valued at $73,836,000 after purchasing an additional 1,822,747 shares in the last quarter. Capital Group Private Client Services Inc. lifted its holdings in shares of Capital Group Global Equity ETF by 20.8% in the fourth quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock valued at $171,217,000 after purchasing an additional 932,109 shares in the last quarter. LPL Financial LLC boosted its position 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 worth $86,721,000 after buying an additional 826,247 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Capital Group Global Equity ETF by 400.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 996,254 shares of the company’s stock worth $31,512,000 after buying an additional 797,015 shares during the period.

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.