Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Large Drop in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 155,901 shares, a decline of 28.5% from the February 12th total of 217,932 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 582,847 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 582,847 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Capital Group New Geography Equity ETF Trading Up 2.0%

NYSEARCA:CGNG traded up $0.63 on Monday, hitting $32.18. The company’s stock had a trading volume of 285,656 shares, compared to its average volume of 657,395. Capital Group New Geography Equity ETF has a one year low of $22.22 and a one year high of $35.12. The firm has a market capitalization of $1.49 billion, a P/E ratio of 19.57 and a beta of 0.55. The stock has a fifty day moving average of $33.65 and a two-hundred day moving average of $32.10.

Capital Group New Geography Equity ETF Dividend Announcement

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

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of CGNG. World Investment Advisors lifted its stake in shares of Capital Group New Geography Equity ETF by 4.3% during the 4th quarter. World Investment Advisors now owns 15,717 shares of the company’s stock worth $502,000 after buying an additional 652 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in Capital Group New Geography Equity ETF in the 4th quarter valued at about $125,000. Beacon Pointe Advisors LLC raised its stake in Capital Group New Geography Equity ETF by 12.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 279,944 shares of the company’s stock valued at $8,939,000 after purchasing an additional 30,377 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Capital Group New Geography Equity ETF by 10.4% in the 4th quarter. NewEdge Advisors LLC now owns 657,916 shares of the company’s stock valued at $21,007,000 after buying an additional 62,208 shares during the period. Finally, Main Street Financial Solutions LLC increased its position in Capital Group New Geography Equity ETF by 132.2% in the 4th quarter. Main Street Financial Solutions LLC now owns 28,494 shares of the company’s stock valued at $910,000 after buying an additional 16,223 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.