Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Down 74.4% in March

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 281,283 shares, a decline of 74.4% from the February 26th total of 1,100,404 shares. Based on an average trading volume of 1,316,202 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American Financial Advisors LLC boosted its holdings in shares of Capital Group Global Growth Equity ETF by 223.6% during the 3rd quarter. American Financial Advisors LLC now owns 23,768 shares of the company’s stock valued at $812,000 after purchasing an additional 16,424 shares during the last quarter. Clarity Wealth Advisors LLC increased its holdings in shares of Capital Group Global Growth Equity ETF by 5.5% in the third quarter. Clarity Wealth Advisors LLC now owns 301,261 shares of the company’s stock worth $10,294,000 after purchasing an additional 15,829 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of Capital Group Global Growth Equity ETF by 192.1% in the third quarter. Frazier Financial Advisors LLC now owns 353,941 shares of the company’s stock worth $12,094,000 after purchasing an additional 232,777 shares during the last quarter. Arlington Financial Advisors LLC lifted its position in shares of Capital Group Global Growth Equity ETF by 3.9% in the fourth quarter. Arlington Financial Advisors LLC now owns 1,400,492 shares of the company’s stock worth $48,527,000 after buying an additional 52,375 shares in the last quarter. Finally, VestGen Advisors LLC lifted its position in shares of Capital Group Global Growth Equity ETF by 5.8% in the second quarter. VestGen Advisors LLC now owns 222,791 shares of the company’s stock worth $7,123,000 after buying an additional 12,178 shares in the last quarter.

Capital Group Global Growth Equity ETF Price Performance

Shares of NYSEARCA CGGO traded down $0.45 during mid-day trading on Friday, reaching $32.56. The company’s stock had a trading volume of 1,593,834 shares, compared to its average volume of 1,406,512. Capital Group Global Growth Equity ETF has a 52 week low of $24.67 and a 52 week high of $37.10. The stock has a fifty day moving average of $35.67 and a two-hundred day moving average of $34.96. The firm has a market capitalization of $7.94 billion, a PE ratio of 22.37 and a beta of 0.96.

Capital Group Global Growth Equity ETF Company Profile

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.