Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Increases By 515.2%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 1,287,052 shares, a growth of 515.2% from the May 14th total of 209,205 shares. Currently, 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,064,292 shares, the days-to-cover ratio is presently 1.2 days.

Capital Group New Geography Equity ETF Trading Down 2.0%

Shares of NYSEARCA:CGNG traded down $0.70 on Wednesday, reaching $34.83. 846,330 shares of the company were exchanged, compared to its average volume of 657,890. Capital Group New Geography Equity ETF has a 1-year low of $27.36 and a 1-year high of $37.60. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 19.57 and a beta of 0.83. The company has a 50-day moving average of $34.86 and a 200-day moving average of $33.50.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Capital Group New Geography Equity ETF by 4,589.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after buying an additional 2,203 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Capital Group New Geography Equity ETF in the 3rd quarter worth about $105,000. Transamerica Financial Advisors LLC boosted its position in shares of Capital Group New Geography Equity ETF by 68.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock worth $118,000 after buying an additional 1,513 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Capital Group New Geography Equity ETF by 17.8% in the 3rd quarter. Comerica Bank now owns 3,836 shares of the company’s stock worth $119,000 after buying an additional 579 shares in 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.