Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 71,944 shares, a growth of 1,364.7% from the May 31st total of 4,912 shares. Based on an average daily volume of 572,399 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. TD Waterhouse Canada Inc. bought a new stake in shares of Capital Group Global Equity ETF during the fourth quarter valued at approximately $58,000. Western Wealth Management LLC bought a new position in Capital Group Global Equity ETF in the first quarter worth $73,000. CIBC Private Wealth Group LLC bought a new position in Capital Group Global Equity ETF in the third quarter worth $73,000. Comerica Bank acquired a new stake in Capital Group Global Equity ETF during the third quarter worth $82,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in Capital Group Global Equity ETF during the fourth quarter worth $87,000.

Capital Group Global Equity ETF Price Performance

CGGE stock traded up $0.28 on Thursday, reaching $34.56. 1,044,972 shares of the company were exchanged, compared to its average volume of 767,452. Capital Group Global Equity ETF has a 12 month low of $28.66 and a 12 month high of $35.21. The stock’s fifty day moving average price is $33.80 and its 200 day moving average price is $32.58. The firm has a market capitalization of $2.62 billion, a PE ratio of 24.18 and a beta of 0.82.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.