Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Up 395.4% in July

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 549,581 shares, a growth of 395.4% from the June 30th total of 110,935 shares. Based on an average trading volume of 1,163,622 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Capital Group Global Growth Equity ETF Stock Performance

Shares of NYSEARCA:CGGO traded down $0.59 on Friday, hitting $39.09. The company’s stock had a trading volume of 1,128,993 shares, compared to its average volume of 1,336,359. Capital Group Global Growth Equity ETF has a 12 month low of $31.67 and a 12 month high of $42.88. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01. The stock’s 50-day moving average is $40.56 and its two-hundred day moving average is $37.67.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Institutional investors have recently bought and sold shares of the stock. Capital Group Private Client Services Inc. grew its position in Capital Group Global Growth Equity ETF by 4.1% in the 4th quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock valued at $731,762,000 after buying an additional 839,808 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after buying an additional 19,525,691 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after acquiring an additional 1,958,085 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock valued at $454,965,000 after acquiring an additional 1,121,445 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Global Growth Equity ETF by 0.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock valued at $383,001,000 after acquiring an additional 34,680 shares in the last quarter.

About Capital Group Global Growth Equity ETF

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.