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

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 424,948 shares, a growth of 490.7% from the June 15th total of 71,944 shares. Based on an average trading volume of 674,577 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

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

Capital Group Global Equity ETF Stock Performance

Shares of NYSEARCA:CGGE traded down $0.06 during trading on Friday, hitting $34.90. 417,468 shares of the stock were exchanged, compared to its average volume of 758,830. Capital Group Global Equity ETF has a 1-year low of $28.74 and a 1-year high of $35.40. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 24.18 and a beta of 0.80. The company’s fifty day simple moving average is $34.26 and its 200-day simple moving average is $32.84.

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.