Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Shares Shorted: Short Interest Down 93.7% in October

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 42,259 shares, a decline of 93.7% from the October 15th total of 667,441 shares. Based on an average daily volume of 690,266 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CGNG. Baird Financial Group Inc. raised its stake in Capital Group New Geography Equity ETF by 30.7% during the second quarter. Baird Financial Group Inc. now owns 508,549 shares of the company’s stock worth $19,050,000 after purchasing an additional 119,487 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Capital Group New Geography Equity ETF during the 2nd quarter worth approximately $827,000. HB Wealth Management LLC purchased a new stake in shares of Capital Group New Geography Equity ETF during the 2nd quarter valued at approximately $1,055,000. Stonebridge Financial Group LLC raised its position in shares of Capital Group New Geography Equity ETF by 39.1% during the 2nd quarter. Stonebridge Financial Group LLC now owns 108,734 shares of the company’s stock valued at $4,073,000 after buying an additional 30,590 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in Capital Group New Geography Equity ETF by 24.1% in the second quarter. Concurrent Investment Advisors LLC now owns 307,935 shares of the company’s stock valued at $11,535,000 after acquiring an additional 59,861 shares during the last quarter.

Capital Group New Geography Equity ETF Price Performance

Capital Group New Geography Equity ETF stock traded down $0.20 during trading hours on Tuesday, reaching $33.32. The stock had a trading volume of 688,035 shares, compared to its average volume of 634,693. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 19.57 and a beta of 0.90. The business’s 50 day moving average price is $35.68 and its 200-day moving average price is $35.14. Capital Group New Geography Equity ETF has a 52 week low of $30.13 and a 52 week high of $38.25.

About Capital Group New Geography Equity ETF

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.