Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Large Decline in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 121,886 shares, a decline of 39.1% from the January 15th total of 200,019 shares. Based on an average daily trading volume, of 617,216 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 617,216 shares, the days-to-cover ratio is currently 0.2 days.

Capital Group New Geography Equity ETF Stock Down 0.1%

Capital Group New Geography Equity ETF stock traded down $0.04 during trading on Friday, reaching $34.25. The stock had a trading volume of 608,535 shares, compared to its average volume of 633,148. Capital Group New Geography Equity ETF has a 52-week low of $22.22 and a 52-week high of $34.90. The stock has a market cap of $1.59 billion, a PE ratio of 19.57 and a beta of 0.55. The business has a 50 day moving average price of $32.89 and a 200 day moving average price of $31.39.

Capital Group New Geography Equity ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a $0.217 dividend. The ex-dividend date was Friday, December 26th. This represents a yield of 67.0%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its stake in Capital Group New Geography Equity ETF by 48.1% during the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock worth $144,739,000 after purchasing an additional 1,472,258 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group New Geography Equity ETF by 1,392.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock worth $41,877,000 after buying an additional 1,264,471 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group New Geography Equity ETF by 119.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock valued at $68,568,000 after buying an additional 1,208,748 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Capital Group New Geography Equity ETF by 503.4% in the 2nd quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock valued at $37,209,000 after buying an additional 1,077,493 shares during the last quarter. Finally, Capital Group Private Client Services Inc. grew its position in shares of Capital Group New Geography Equity ETF by 44.4% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock valued at $75,113,000 after buying an additional 747,156 shares during the last quarter.

About Capital Group New Geography Equity ETF

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.