Capital Group Growth ETF (NYSEARCA:CGGR) Sees Large Decrease in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,718,830 shares, a decrease of 37.9% from the July 30th total of 4,375,915 shares. Based on an average trading volume of 2,700,024 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CGGR. Morgan Stanley grew its position in shares of Capital Group Growth ETF by 94.6% during the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock worth $1,195,293,000 after buying an additional 13,065,920 shares during the period. LPL Financial LLC boosted its stake in Capital Group Growth ETF by 17.7% in the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after acquiring an additional 6,814,693 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Capital Group Growth ETF by 31.7% during the 3rd quarter. Raymond James Financial Inc. now owns 11,144,965 shares of the company’s stock worth $489,487,000 after acquiring an additional 2,680,056 shares during the period. Wells Fargo & Company MN grew its holdings in Capital Group Growth ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 12,423,660 shares of the company’s stock worth $552,480,000 after acquiring an additional 2,580,345 shares during the period. Finally, Advance Capital Management Inc. raised its position in shares of Capital Group Growth ETF by 239.5% during the 1st quarter. Advance Capital Management Inc. now owns 2,860,148 shares of the company’s stock valued at $114,949,000 after acquiring an additional 2,017,650 shares during the last quarter.

Capital Group Growth ETF Stock Up 0.2%

Capital Group Growth ETF stock opened at $46.47 on Wednesday. The business’s 50-day simple moving average is $46.30 and its 200 day simple moving average is $44.79. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.