Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Update

Capital Group Growth ETF (NYSEARCA:CGGR) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 329,962 shares, a drop of 20.5% from the November 30th total of 415,114 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 2,299,871 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 2,299,871 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Capital Group Growth ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Group Private Client Services Inc. raised its position in Capital Group Growth ETF by 5.3% in the third quarter. Capital Group Private Client Services Inc. now owns 23,440,414 shares of the company’s stock valued at $1,029,503,000 after purchasing an additional 1,178,520 shares during the period. Bank of America Corp DE grew its stake in shares of Capital Group Growth ETF by 11.5% in the third quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock valued at $562,219,000 after buying an additional 1,322,744 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Capital Group Growth ETF by 2.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,707,821 shares of the company’s stock valued at $558,128,000 after buying an additional 271,970 shares during the period. Envestnet Asset Management Inc. lifted its stake in Capital Group Growth ETF by 15.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,051,258 shares of the company’s stock worth $529,291,000 after acquiring an additional 1,605,246 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Growth ETF by 9.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 11,374,810 shares of the company’s stock valued at $499,582,000 after acquiring an additional 967,117 shares during the period.

Capital Group Growth ETF Trading Down 0.6%

NYSEARCA CGGR opened at $44.86 on Tuesday. The stock has a fifty day simple moving average of $44.16 and a 200-day simple moving average of $42.85. The stock has a market cap of $17.97 billion, a PE ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83.

Capital Group Growth ETF Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were paid a dividend of $0.0424 per share. This represents a yield of 19.0%. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.