Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Up 118.5% in January

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 3,885,063 shares, an increase of 118.5% from the January 15th total of 1,778,257 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 4,334,942 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 4,334,942 shares, the short-interest ratio is currently 0.9 days. Approximately 0.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Capital Group Growth ETF

Several hedge funds have recently added to or reduced their stakes in CGGR. LPL Financial LLC boosted its holdings in shares of Capital Group Growth ETF by 17.7% in the 4th quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock valued at $2,019,429,000 after buying an additional 6,814,693 shares in the last quarter. Capital Group Private Client Services Inc. raised its stake in Capital Group Growth ETF by 2.5% during the 4th quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock worth $1,068,445,000 after acquiring an additional 585,780 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Capital Group Growth ETF by 3.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock valued at $586,714,000 after acquiring an additional 485,654 shares during the last quarter. Bank of America Corp DE boosted its stake in Capital Group Growth ETF by 11.5% in the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after acquiring an additional 1,322,744 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Growth ETF by 6.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,136,612 shares of the company’s stock valued at $539,715,000 after acquiring an additional 761,802 shares in the last quarter.

Capital Group Growth ETF Trading Down 2.0%

NYSEARCA:CGGR traded down $0.86 during trading hours on Thursday, hitting $42.54. The company’s stock had a trading volume of 3,796,461 shares, compared to its average volume of 3,946,633. Capital Group Growth ETF has a 52-week low of $29.23 and a 52-week high of $45.83. The stock has a market capitalization of $18.85 billion, a P/E ratio of 30.88 and a beta of 1.17. The stock has a fifty day moving average of $44.50 and a 200-day moving average of $43.75.

Capital Group Growth ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.0424 per share. This represents a dividend yield of 19.0%. The ex-dividend date of this dividend 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.