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

Capital Group Growth ETF (NYSEARCA:CGGR) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,322,596 shares, an increase of 300.8% from the December 15th total of 329,962 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,313,909 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 2,313,909 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR traded down $0.48 during midday trading on Wednesday, hitting $44.86. 5,190,309 shares of the company traded hands, compared to its average volume of 3,796,146. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83. The firm has a market cap of $19.66 billion, a P/E ratio of 30.88 and a beta of 1.17. The stock has a 50-day moving average price of $44.21 and a 200 day moving average price of $43.29.

Capital Group Growth ETF Dividend Announcement

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

Hedge Funds Weigh In On Capital Group Growth ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Capital Group Growth ETF by 174.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock valued at $10,954,000 after acquiring an additional 203,151 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in Capital Group Growth ETF by 131.3% in the 2nd quarter. Harbor Investment Advisory LLC now owns 9,161 shares of the company’s stock worth $372,000 after purchasing an additional 5,201 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Capital Group Growth ETF by 2.6% during the second quarter. NBC Securities Inc. now owns 57,645 shares of the company’s stock worth $2,343,000 after acquiring an additional 1,438 shares during the last quarter. Ballew Advisors Inc increased its holdings in shares of Capital Group Growth ETF by 2.5% in the second quarter. Ballew Advisors Inc now owns 264,882 shares of the company’s stock worth $10,815,000 after purchasing an additional 6,509 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC raised its holdings in shares of Capital Group Growth ETF by 12.2% during the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 1,029,371 shares of the company’s stock worth $41,844,000 after acquiring an additional 111,984 shares in the last quarter.

About Capital Group Growth ETF

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.