Capital Group Growth ETF (NYSEARCA:CGGR) Sees Significant Increase in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 1,778,257 shares, an increase of 34.5% from the December 31st total of 1,322,596 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,851,252 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 3,851,252 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On Capital Group Growth ETF

Institutional investors have recently modified their holdings of the business. Gemmer Asset Management LLC boosted its holdings in Capital Group Growth ETF by 0.5% in the 4th quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock valued at $2,204,000 after purchasing an additional 248 shares during the period. Meridian Wealth Management LLC increased its holdings in shares of Capital Group Growth ETF by 0.4% during the second quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock worth $2,958,000 after purchasing an additional 261 shares during the period. Whipplewood Advisors LLC raised its position in shares of Capital Group Growth ETF by 32.5% in the third quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock valued at $47,000 after buying an additional 261 shares in the last quarter. Prosperity Financial Group Inc. boosted its stake in shares of Capital Group Growth ETF by 4.5% in the second quarter. Prosperity Financial Group Inc. now owns 6,525 shares of the company’s stock valued at $265,000 after buying an additional 281 shares during the period. Finally, Hunter Associates Investment Management LLC grew its position in Capital Group Growth ETF by 1.6% during the third quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock worth $853,000 after buying an additional 314 shares in the last quarter.

Capital Group Growth ETF Stock Up 0.2%

Shares of CGGR traded up $0.08 during trading hours on Monday, reaching $44.54. The stock had a trading volume of 2,624,818 shares, compared to its average volume of 4,023,139. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83. The firm has a 50-day moving average of $44.65 and a 200 day moving average of $43.68. The company has a market cap of $20.12 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a $0.0424 dividend. This represents a dividend yield of 19.0%. The ex-dividend date was Friday, December 26th.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.