Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Increases By 118.9%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 1,100,404 shares, an increase of 118.9% from the February 12th total of 502,673 shares. Based on an average daily volume of 1,255,221 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 1,255,221 shares, the days-to-cover ratio is currently 0.9 days.

Capital Group Global Growth Equity ETF Stock Up 0.4%

CGGO stock opened at $35.45 on Thursday. The stock’s 50 day moving average is $36.07 and its two-hundred day moving average is $34.86. Capital Group Global Growth Equity ETF has a 52-week low of $24.67 and a 52-week high of $37.10. The company has a market capitalization of $8.65 billion, a PE ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were given a dividend of $0.3978 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a dividend yield of 227.0%.

Institutional Trading of Capital Group Global Growth Equity ETF

Several institutional investors have recently added to or reduced their stakes in CGGO. American Financial Advisors LLC lifted its position in shares of Capital Group Global Growth Equity ETF by 223.6% during the third quarter. American Financial Advisors LLC now owns 23,768 shares of the company’s stock worth $812,000 after purchasing an additional 16,424 shares during the last quarter. Clarity Wealth Advisors LLC increased its holdings in Capital Group Global Growth Equity ETF by 5.5% in the third quarter. Clarity Wealth Advisors LLC now owns 301,261 shares of the company’s stock valued at $10,294,000 after buying an additional 15,829 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in Capital Group Global Growth Equity ETF by 192.1% in the third quarter. Frazier Financial Advisors LLC now owns 353,941 shares of the company’s stock valued at $12,094,000 after buying an additional 232,777 shares during the last quarter. VestGen Advisors LLC raised its stake in Capital Group Global Growth Equity ETF by 5.8% during the second quarter. VestGen Advisors LLC now owns 222,791 shares of the company’s stock valued at $7,123,000 after buying an additional 12,178 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Capital Group Global Growth Equity ETF by 227.6% during the third quarter. Farther Finance Advisors LLC now owns 83,256 shares of the company’s stock valued at $2,845,000 after buying an additional 57,844 shares in the last quarter.

Capital Group Global Growth Equity ETF Company Profile

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.