Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Declines By 53.7%

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 204,697 shares, a decline of 53.7% from the April 15th total of 441,939 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 566,360 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Several hedge funds have recently modified their holdings of CGGE. Ameritas Advisory Services LLC purchased a new stake in shares of Capital Group Global Equity ETF in the 3rd quarter worth approximately $49,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Capital Group Global Equity ETF in the 4th quarter worth approximately $58,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Global Equity ETF in the 3rd quarter worth approximately $73,000. Comerica Bank purchased a new stake in shares of Capital Group Global Equity ETF in the 3rd quarter worth approximately $82,000. Finally, Birchwood Financial Partners Inc. purchased a new stake in shares of Capital Group Global Equity ETF in the 4th quarter worth approximately $87,000.

Capital Group Global Equity ETF Stock Performance

Capital Group Global Equity ETF stock traded down $0.56 during trading hours on Friday, hitting $33.40. The company had a trading volume of 387,447 shares, compared to its average volume of 802,577. The firm has a market cap of $2.53 billion, a P/E ratio of 24.18 and a beta of 0.82. Capital Group Global Equity ETF has a 1 year low of $27.44 and a 1 year high of $34.02. The company has a 50-day moving average price of $32.01 and a two-hundred day moving average price of $31.95.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.