Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Up 370.2% in August

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 740,295 shares, an increase of 370.2% from the August 15th total of 157,433 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 501,291 shares, the days-to-cover ratio is presently 1.5 days.

Capital Group Global Equity ETF Stock Up 1.0%

NYSEARCA CGGE traded up $0.36 on Friday, reaching $35.00. The stock had a trading volume of 218,339 shares, compared to its average volume of 692,955. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 24.18 and a beta of 0.80. Capital Group Global Equity ETF has a 12-month low of $29.39 and a 12-month high of $36.08. The stock has a fifty day moving average price of $35.07 and a two-hundred day moving average price of $33.68.

Institutional Trading of Capital Group Global Equity ETF

Several hedge funds have recently modified their holdings of CGGE. Intrua Financial LLC raised its position in Capital Group Global Equity ETF by 24.7% in the 4th quarter. Intrua Financial LLC now owns 224,506 shares of the company’s stock valued at $7,101,000 after purchasing an additional 44,540 shares during the last quarter. Compton Financial Group LLC purchased a new position in Capital Group Global Equity ETF in the fourth quarter valued at about $490,000. Vantus Wealth LLC acquired a new position in shares of Capital Group Global Equity ETF during the 4th quarter worth $1,175,000. World Investment Advisors purchased a new stake in Capital Group Global Equity ETF in the 1st quarter valued at approximately $1,588,000. Finally, Private Advisor Group LLC lifted its holdings in Capital Group Global Equity ETF by 38.1% in the 1st quarter. Private Advisor Group LLC now owns 179,592 shares of the company’s stock valued at $5,478,000 after purchasing an additional 49,514 shares in the last quarter.

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.