Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Down 46.0% in July

Capital Group Growth ETF (NYSEARCA:CGGR) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,153,862 shares, a decrease of 46.0% from the June 30th total of 2,137,051 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,692,502 shares, the days-to-cover ratio is currently 0.4 days.

Capital Group Growth ETF Stock Up 0.7%

NYSEARCA CGGR traded up $0.29 during trading hours on Friday, reaching $44.85. 2,999,894 shares of the company were exchanged, compared to its average volume of 3,251,279. The stock has a market capitalization of $23.82 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02. The business’s 50 day simple moving average is $46.20 and its 200-day simple moving average is $44.40.

Institutional Investors Weigh In On Capital Group Growth ETF

Several large investors have recently modified their holdings of the stock. Trademark Financial Management LLC boosted its holdings in shares of Capital Group Growth ETF by 2.7% in the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock worth $369,000 after purchasing an additional 242 shares in the last quarter. Gemmer Asset Management LLC raised its holdings in shares of Capital Group Growth ETF by 0.5% during the 4th quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock valued at $2,204,000 after buying an additional 248 shares in the last quarter. Sapient Capital LLC lifted its position in Capital Group Growth ETF by 3.9% in the 2nd quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock worth $318,000 after buying an additional 250 shares during the last quarter. CFS Investment Advisory Services LLC lifted its position in Capital Group Growth ETF by 0.6% in the 2nd quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock worth $2,261,000 after buying an additional 290 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in Capital Group Growth ETF by 5.8% in the second quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after buying an additional 294 shares in the last quarter.

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.