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

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,715,437 shares, a decline of 34.0% from the February 12th total of 2,598,026 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 3,561,671 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 3,561,671 shares, the short-interest ratio is currently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Capital Group Growth ETF Price Performance

Shares of NYSEARCA CGGR traded down $0.37 during trading hours on Friday, hitting $41.49. 3,660,745 shares of the company’s stock were exchanged, compared to its average volume of 4,084,707. The company’s 50-day moving average price is $43.83 and its 200-day moving average price is $43.89. Capital Group Growth ETF has a 1-year low of $29.23 and a 1-year high of $45.83. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

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

Institutional Investors Weigh In On Capital Group Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gemmer Asset Management LLC increased its position in Capital Group Growth ETF by 0.5% during the fourth quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock worth $2,204,000 after acquiring an additional 248 shares during the period. Meridian Wealth Management LLC grew its position in Capital Group Growth ETF by 0.4% in the 2nd quarter. Meridian Wealth Management LLC now owns 72,775 shares of the company’s stock worth $2,958,000 after purchasing an additional 261 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Capital Group Growth ETF by 32.5% during the 3rd quarter. Whipplewood Advisors LLC now owns 1,065 shares of the company’s stock worth $47,000 after purchasing an additional 261 shares during the period. Hunter Associates Investment Management LLC raised its position in shares of Capital Group Growth ETF by 1.6% during the third quarter. Hunter Associates Investment Management LLC now owns 19,414 shares of the company’s stock valued at $853,000 after buying an additional 314 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC raised its position in shares of Capital Group Growth ETF by 7.8% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 4,417 shares of the company’s stock valued at $196,000 after buying an additional 321 shares during 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.