Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Rises By 78.8%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the recipient of a large growth in short interest in February. As of February 13th, there was short interest totaling 217,932 shares, a growth of 78.8% from the January 29th total of 121,886 shares. Based on an average daily volume of 627,255 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 627,255 shares, the short-interest ratio is currently 0.3 days.

Capital Group New Geography Equity ETF Price Performance

CGNG traded down $0.17 during trading on Friday, reaching $34.61. 441,482 shares of the stock were exchanged, compared to its average volume of 621,512. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 1 year low of $22.22 and a 1 year high of $35.12. The business’s 50 day moving average price is $33.53 and its two-hundred day moving average price is $31.83.

Capital Group New Geography Equity ETF Announces Dividend

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

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of Capital Group New Geography Equity ETF by 48.1% in the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after purchasing an additional 1,472,258 shares during the last quarter. Capital Group Private Client Services Inc. raised its position in shares of Capital Group New Geography Equity ETF by 9.1% during the 4th quarter. Capital Group Private Client Services Inc. now owns 2,651,446 shares of the company’s stock worth $84,661,000 after purchasing an additional 220,620 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in 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 holdings in Capital Group New Geography Equity ETF by 13.5% during the 4th quarter. Cetera Investment Advisers now owns 2,118,041 shares of the company’s stock valued at $67,629,000 after buying an additional 252,297 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Capital Group New Geography Equity ETF by 28.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,736,735 shares of the company’s stock valued at $55,454,000 after buying an additional 381,480 shares during the last quarter.

Capital Group New Geography Equity ETF Company Profile

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.