Short Interest in Capital Group Growth ETF (NYSEARCA:CGGR) Grows By 83.6%

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 3,149,632 shares, an increase of 83.6% from the February 26th total of 1,715,437 shares. Based on an average trading volume of 4,980,650 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the company’s stock are short sold.

Capital Group Growth ETF Stock Down 2.2%

Shares of Capital Group Growth ETF stock opened at $39.02 on Friday. The company has a 50 day moving average price of $42.92 and a 200 day moving average price of $43.78. The firm has a market capitalization of $17.29 billion, a P/E ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 52 week low of $29.23 and a 52 week high of $45.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Melone Private Wealth LLC purchased a new position in shares of Capital Group Growth ETF in the third quarter worth about $637,000. WESPAC Advisors LLC purchased a new stake in Capital Group Growth ETF in the third quarter valued at approximately $545,000. Ergawealth Advisors Inc. boosted its position in Capital Group Growth ETF by 5.1% in the third quarter. Ergawealth Advisors Inc. now owns 668,167 shares of the company’s stock valued at $29,346,000 after buying an additional 32,438 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in Capital Group Growth ETF by 16.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 443,697 shares of the company’s stock worth $19,487,000 after buying an additional 63,418 shares during the period. Finally, Founders Financial Alliance LLC increased its holdings in Capital Group Growth ETF by 1,656.5% in the 3rd quarter. Founders Financial Alliance LLC now owns 116,142 shares of the company’s stock worth $5,101,000 after buying an additional 109,530 shares during the period.

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.