Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Stock Short Interest Climbs 94.2%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,662,828 shares, a growth of 94.2% from the September 30th total of 856,346 shares. Based on an average trading volume of 1,084,641 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.5% of the company’s shares are sold short.

Capital Group Global Growth Equity ETF Stock Performance

Shares of NYSEARCA:CGGO opened at $37.38 on Tuesday. The company has a market cap of $11.57 billion, a PE ratio of 22.37 and a beta of 1.02. Capital Group Global Growth Equity ETF has a 52 week low of $31.94 and a 52 week high of $42.88. The firm has a 50 day simple moving average of $39.39 and a 200 day simple moving average of $38.41.

Institutional Trading of Capital Group Global Growth Equity ETF

Several large investors have recently added to or reduced their stakes in CGGO. Royal Bank of Canada boosted its stake in shares of Capital Group Global Growth Equity ETF by 25.8% during the 1st quarter. Royal Bank of Canada now owns 4,065,492 shares of the company’s stock valued at $135,666,000 after buying an additional 833,176 shares during the period. WNY Asset Management LLC acquired a new position in shares of Capital Group Global Growth Equity ETF in the first quarter worth $23,784,000. MCF Advisors LLC acquired a new position in shares of Capital Group Global Growth Equity ETF in the second quarter worth $24,454,000. Cetera Investment Advisers increased its stake in shares of Capital Group Global Growth Equity ETF by 7.3% in the first quarter. Cetera Investment Advisers now owns 8,296,479 shares of the company’s stock worth $276,854,000 after acquiring an additional 562,014 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Capital Group Global Growth Equity ETF by 15.7% in the first quarter. Bank of America Corp DE now owns 4,009,228 shares of the company’s stock worth $133,788,000 after acquiring an additional 543,944 shares during the last quarter.

Capital Group Global Growth Equity ETF Company Profile

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.