Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Down 74.4% in March

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 281,283 shares, a decline of 74.4% from the February 26th total of 1,100,404 shares. Based on an average trading volume of 1,316,202 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

A number of large investors have recently modified their holdings of the company. Capital Group Private Client Services Inc. grew its position in Capital Group Global Growth Equity ETF by 4.1% during the fourth quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock valued at $731,762,000 after acquiring an additional 839,808 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock valued at $700,335,000 after purchasing an additional 19,525,691 shares during the last quarter. LPL Financial LLC raised its position in Capital Group Global Growth Equity ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after purchasing an additional 1,958,085 shares during the period. Raymond James Financial Inc. lifted its stake in Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after purchasing an additional 1,121,445 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Global Growth Equity ETF by 0.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock valued at $383,001,000 after buying an additional 34,680 shares during the period.

Capital Group Global Growth Equity ETF Stock Performance

CGGO traded down $1.07 during trading on Thursday, reaching $33.01. The stock had a trading volume of 1,334,404 shares, compared to its average volume of 1,403,283. The business has a 50-day moving average of $35.75 and a 200-day moving average of $34.96. Capital Group Global Growth Equity ETF has a one year low of $24.67 and a one year high of $37.10. The stock has a market cap of $8.05 billion, a PE ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Company Profile

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.