Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Update

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totaling 329,962 shares, a decrease of 20.5% from the November 30th total of 415,114 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,299,871 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 2,299,871 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Capital Group Growth ETF Stock Performance

Shares of CGGR stock traded down $0.33 on Thursday, hitting $44.47. 2,339,755 shares of the company’s stock traded hands, compared to its average volume of 2,918,686. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The company’s fifty day simple moving average is $44.17 and its 200 day simple moving average is $42.90. Capital Group Growth ETF has a one year low of $29.23 and a one year high of $45.83.

Capital Group Growth ETF Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Triumph Capital Management bought a new position in Capital Group Growth ETF in the 3rd quarter worth $29,000. Dean Jacobson Financial Services LLC bought a new position in Capital Group Growth ETF in the third quarter worth about $481,000. Allworth Financial LP raised its stake in Capital Group Growth ETF by 1.6% in the third quarter. Allworth Financial LP now owns 143,735 shares of the company’s stock worth $6,313,000 after buying an additional 2,246 shares in the last quarter. IFP Advisors Inc lifted its holdings in Capital Group Growth ETF by 3.5% in the third quarter. IFP Advisors Inc now owns 439,946 shares of the company’s stock worth $19,324,000 after buying an additional 14,836 shares during the period. Finally, Lantern Wealth Advisors LLC boosted its position in Capital Group Growth ETF by 47.6% during the 3rd quarter. Lantern Wealth Advisors LLC now owns 13,869 shares of the company’s stock valued at $609,000 after acquiring an additional 4,475 shares in the last quarter.

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.