Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 12,243 shares, a decline of 93.9% from the January 29th total of 199,382 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 562,173 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 562,173 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Global Equity ETF in the fourth quarter worth $87,000. NewEdge Advisors LLC grew its position in Capital Group Global Equity ETF by 49.7% during the fourth quarter. NewEdge Advisors LLC now owns 745,919 shares of the company’s stock worth $23,593,000 after buying an additional 247,797 shares in the last quarter. BNB Wealth Management LLC bought a new position in Capital Group Global Equity ETF in the 4th quarter worth about $1,786,000. Cetera Investment Advisers increased its stake in Capital Group Global Equity ETF by 16.6% in the 4th quarter. Cetera Investment Advisers now owns 2,825,862 shares of the company’s stock worth $89,382,000 after acquiring an additional 402,152 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Capital Group Global Equity ETF in the 4th quarter valued at about $288,000.

Capital Group Global Equity ETF Trading Up 0.7%

Shares of Capital Group Global Equity ETF stock traded up $0.23 on Wednesday, reaching $33.12. The stock had a trading volume of 1,764,382 shares, compared to its average volume of 856,500. The business’s 50 day moving average is $32.38 and its two-hundred day moving average is $31.34. Capital Group Global Equity ETF has a 1 year low of $22.76 and a 1 year high of $33.13. The company has a market cap of $2.01 billion, a P/E ratio of 24.18 and a beta of 0.72.

Capital Group Global Equity ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.1276 dividend. The ex-dividend date was Friday, December 26th. This represents a yield of 40.0%.

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.