Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Increases By 158.2%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 943,290 shares, a growth of 158.2% from the April 30th total of 365,363 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,243,733 shares, the short-interest ratio is presently 0.8 days.

Capital Group Global Growth Equity ETF Stock Up 0.1%

NYSEARCA:CGGO traded up $0.03 during mid-day trading on Friday, hitting $41.04. 862,236 shares of the stock traded hands, compared to its average volume of 1,347,658. The stock has a market capitalization of $11.11 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01. Capital Group Global Growth Equity ETF has a 52 week low of $30.07 and a 52 week high of $41.22. The firm’s 50 day moving average is $36.99 and its two-hundred day moving average is $35.93.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Group Private Client Services Inc. grew its stake in Capital Group Global Growth Equity ETF by 4.1% in the 4th quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock worth $731,762,000 after acquiring an additional 839,808 shares in the last quarter. Corient Private Wealth LLC grew its stake in Capital Group Global Growth Equity ETF by 2,846.3% in the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after acquiring an additional 19,525,691 shares in the last quarter. LPL Financial LLC grew its stake in Capital Group Global Growth Equity ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after acquiring an additional 1,958,085 shares in the last quarter. Raymond James Financial Inc. grew its stake in Capital Group Global Growth Equity ETF by 9.3% in the 4th quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after acquiring an additional 1,121,445 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Global Growth Equity ETF by 0.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock worth $383,001,000 after acquiring an additional 34,680 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.