Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Up 2,022.3% in July

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,342,312 shares, a growth of 2,022.3% from the July 15th total of 63,249 shares. Based on an average daily trading volume, of 579,312 shares, the short-interest ratio is presently 2.3 days. Currently, 1.6% of the company’s stock are sold short.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGGE. TD Waterhouse Canada Inc. purchased a new stake in shares of Capital Group Global Equity ETF during the 4th quarter valued at $58,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Global Equity ETF during the 3rd quarter worth $73,000. Western Wealth Management LLC acquired a new position in Capital Group Global Equity ETF during the 1st quarter valued at about $73,000. Comerica Bank purchased a new stake in Capital Group Global Equity ETF in the third quarter valued at about $82,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in Capital Group Global Equity ETF in the fourth quarter worth about $87,000.

Capital Group Global Equity ETF Stock Down 0.2%

Shares of Capital Group Global Equity ETF stock opened at $35.68 on Wednesday. The firm’s 50 day moving average price is $34.68 and its 200-day moving average price is $33.25. Capital Group Global Equity ETF has a 52-week low of $29.39 and a 52-week high of $36.00. The company has a market cap of $3.04 billion, a P/E ratio of 24.18 and a beta of 0.81.

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.