Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Up 346.5% in June

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 270,982 shares, an increase of 346.5% from the June 15th total of 60,685 shares. Based on an average trading volume of 555,128 shares, the short-interest ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

Large investors have recently made changes to their positions in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group New Geography Equity ETF during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC lifted its holdings in Capital Group New Geography Equity ETF by 4,589.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after purchasing an additional 2,203 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Capital Group New Geography Equity ETF by 68.9% in the 4th quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock worth $118,000 after purchasing an additional 1,513 shares in the last quarter. Comerica Bank boosted its stake in Capital Group New Geography Equity ETF by 17.8% in the 3rd quarter. Comerica Bank now owns 3,836 shares of the company’s stock worth $119,000 after purchasing an additional 579 shares during the period. Finally, Birchwood Financial Partners Inc. purchased a new stake in Capital Group New Geography Equity ETF during the 4th quarter valued at approximately $125,000.

Capital Group New Geography Equity ETF Stock Performance

Shares of CGNG traded down $1.05 during mid-day trading on Monday, reaching $35.67. The stock had a trading volume of 377,999 shares, compared to its average volume of 649,997. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 19.57 and a beta of 0.81. Capital Group New Geography Equity ETF has a 12 month low of $28.20 and a 12 month high of $38.25. The business has a fifty day moving average of $36.37 and a 200 day moving average of $34.34.

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.