Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Down 68.1% in May

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 976,746 shares, a decrease of 68.1% from the April 30th total of 3,058,327 shares. Based on an average daily volume of 2,446,557 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Capital Group Growth ETF Stock Up 0.4%

NYSEARCA CGGR traded up $0.18 during trading hours on Friday, hitting $47.73. 1,689,830 shares of the company were exchanged, compared to its average volume of 3,507,549. The stock has a market cap of $23.73 billion, a PE ratio of 30.88 and a beta of 1.17. The stock has a 50-day moving average price of $43.77 and a 200 day moving average price of $43.81. Capital Group Growth ETF has a 52 week low of $37.64 and a 52 week high of $47.85.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Trademark Financial Management LLC increased its stake in Capital Group Growth ETF by 2.7% during the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock worth $369,000 after buying an additional 242 shares during the period. Gemmer Asset Management LLC boosted its stake in Capital Group Growth ETF by 0.5% in the fourth quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock valued at $2,204,000 after acquiring an additional 248 shares in the last quarter. Whipplewood Advisors LLC boosted its position in shares of Capital Group Growth ETF by 32.5% in the 3rd quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock valued at $47,000 after purchasing an additional 261 shares during the period. Mascagni Wealth Management Inc. grew its position in shares of Capital Group Growth ETF by 1.8% during the first quarter. Mascagni Wealth Management Inc. now owns 17,647 shares of the company’s stock worth $709,000 after acquiring an additional 320 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of Capital Group Growth ETF by 7.8% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 4,417 shares of the company’s stock worth $196,000 after buying an additional 321 shares during the period.

About Capital Group Growth ETF

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.