Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Decreases By 95.3%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 60,685 shares, a decrease of 95.3% from the May 31st total of 1,287,052 shares. Based on an average daily trading volume, of 791,330 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Capital Group New Geography Equity ETF Trading Up 0.9%

Shares of NYSEARCA CGNG traded up $0.34 during mid-day trading on Thursday, hitting $36.82. The company had a trading volume of 525,195 shares, compared to its average volume of 654,497. The firm has a 50-day simple moving average of $35.91 and a two-hundred day simple moving average of $33.96. The company has a market capitalization of $2.19 billion, a PE ratio of 19.57 and a beta of 0.83. Capital Group New Geography Equity ETF has a one year low of $28.20 and a one year high of $38.25.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of Capital Group New Geography Equity ETF by 48.1% in the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after buying an additional 1,472,258 shares in the last quarter. Capital Group Private Client Services Inc. grew its position in shares of Capital Group New Geography Equity ETF by 9.1% in the 4th quarter. Capital Group Private Client Services Inc. now owns 2,651,446 shares of the company’s stock valued at $84,661,000 after acquiring an additional 220,620 shares during the period. Cetera Investment Advisers grew its position in shares of Capital Group New Geography Equity ETF by 13.3% in the 1st quarter. Cetera Investment Advisers now owns 2,400,095 shares of the company’s stock valued at $75,771,000 after acquiring an additional 282,054 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group New Geography Equity ETF by 28.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock worth $55,454,000 after purchasing an additional 381,480 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Capital Group New Geography Equity ETF by 131.4% during the 1st quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock worth $41,129,000 after purchasing an additional 739,844 shares during the last quarter.

Capital Group New Geography Equity ETF Company Profile

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.