Capital Group Global Equity ETF (NYSEARCA:CGGE) Shares Shorted: Short Interest Down 46.1% in October

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 157,503 shares, a drop of 46.1% from the September 30th total of 292,229 shares. Based on an average daily volume of 433,387 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Capital Group Global Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CGGE. Cetera Investment Advisers raised its stake in shares of Capital Group Global Equity ETF by 16.3% in the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after purchasing an additional 459,321 shares during the period. Assetmark Inc. boosted its holdings in shares of Capital Group Global Equity ETF by 17.9% in the 1st quarter. Assetmark Inc. now owns 1,429,913 shares of the company’s stock valued at $43,612,000 after buying an additional 216,961 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Capital Group Global Equity ETF by 8.6% in the 1st quarter. Royal Bank of Canada now owns 1,198,245 shares of the company’s stock valued at $36,546,000 after buying an additional 94,789 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Capital Group Global Equity ETF by 12.1% in the second quarter. NewEdge Advisors LLC now owns 957,504 shares of the company’s stock valued at $33,742,000 after buying an additional 103,255 shares in the last quarter. Finally, James Reed Financial Services Inc. grew its stake in shares of Capital Group Global Equity ETF by 1.8% in the third quarter. James Reed Financial Services Inc. now owns 602,227 shares of the company’s stock valued at $20,964,000 after buying an additional 10,716 shares in the last quarter.

Capital Group Global Equity ETF Price Performance

Shares of CGGE stock traded down $0.65 during trading hours on Friday, hitting $33.92. 512,178 shares of the company’s stock were exchanged, compared to its average volume of 652,236. Capital Group Global Equity ETF has a 52 week low of $29.39 and a 52 week high of $36.08. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81. The stock’s 50-day moving average is $34.85 and its 200-day moving average is $33.71.

About Capital Group Global Equity ETF

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.