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

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 157,433 shares, a drop of 88.3% from the July 30th total of 1,342,312 shares. Based on an average trading volume of 503,411 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Capital Group Global Equity ETF Price Performance

Shares of NYSEARCA:CGGE traded down $0.14 during trading on Wednesday, reaching $35.36. The company had a trading volume of 167,833 shares, compared to its average volume of 707,689. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81. The stock’s fifty day moving average price is $34.97 and its 200 day moving average price is $33.46. Capital Group Global Equity ETF has a fifty-two week low of $29.39 and a fifty-two week high of $36.08.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sittner & Nelson LLC raised its position in Capital Group Global Equity ETF by 7.3% during the 3rd quarter. Sittner & Nelson LLC now owns 7,388 shares of the company’s stock worth $227,000 after buying an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of Capital Group Global Equity ETF by 3.7% in the 4th quarter. Ausdal Financial Partners Inc. now owns 13,891 shares of the company’s stock worth $439,000 after acquiring an additional 501 shares during the period. Mutual Advisors LLC boosted its holdings in shares of Capital Group Global Equity ETF by 3.5% in the fourth quarter. Mutual Advisors LLC now owns 15,421 shares of the company’s stock valued at $488,000 after acquiring an additional 523 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Capital Group Global Equity ETF by 6.2% in the first quarter. Bleakley Financial Group LLC now owns 12,079 shares of the company’s stock valued at $368,000 after acquiring an additional 707 shares in the last quarter. Finally, Balboa Wealth Partners increased its stake in shares of Capital Group Global Equity ETF by 5.1% during the first quarter. Balboa Wealth Partners now owns 19,586 shares of the company’s stock worth $597,000 after acquiring an additional 955 shares during the period.

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.