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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 365,363 shares, a decrease of 65.7% from the April 15th total of 1,064,901 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,264,277 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group Global Growth Equity ETF Stock Down 2.6%

Capital Group Global Growth Equity ETF stock traded down $1.04 during mid-day trading on Friday, hitting $38.72. 1,274,513 shares of the company were exchanged, compared to its average volume of 1,355,448. The business has a fifty day moving average of $36.03 and a 200 day moving average of $35.58. Capital Group Global Growth Equity ETF has a 1-year low of $29.82 and a 1-year high of $40.04. The company has a market capitalization of $10.48 billion, a PE ratio of 22.37 and a beta of 1.01.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CGGO. Pflug Koory LLC acquired a new position in Capital Group Global Growth Equity ETF during the fourth quarter worth $25,000. Miller Capital Partners Inc. acquired a new position in Capital Group Global Growth Equity ETF during the fourth quarter worth $41,000. CoreCap Advisors LLC raised its stake in Capital Group Global Growth Equity ETF by 35.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock worth $42,000 after acquiring an additional 319 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Capital Group Global Growth Equity ETF by 126.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock worth $44,000 after acquiring an additional 707 shares in the last quarter. Finally, Huntington National Bank acquired a new position in Capital Group Global Growth Equity ETF during the third quarter worth $48,000.

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.