Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,342,312 shares, a growth of 2,022.3% from the July 15th total of 63,249 shares. Based on an average trading volume of 579,312 shares, the short-interest ratio is presently 2.3 days. Currently, 1.6% of the shares of the company are short sold.
Institutional Investors Weigh In On Capital Group Global Equity ETF
Large investors have recently modified their holdings of the company. TD Waterhouse Canada Inc. acquired a new stake in Capital Group Global Equity ETF in the fourth quarter valued at approximately $58,000. Western Wealth Management LLC purchased a new stake in shares of Capital Group Global Equity ETF during the 1st quarter valued at $73,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Global Equity ETF during the 3rd quarter worth approximately $73,000. Comerica Bank bought a new stake in Capital Group Global Equity ETF in the 3rd quarter valued at about $82,000. Finally, Birchwood Financial Partners Inc. bought a new stake in Capital Group Global Equity ETF during the 4th quarter valued at $87,000.
Capital Group Global Equity ETF Trading Down 0.2%
CGGE stock traded down $0.06 during mid-day trading on Tuesday, hitting $35.68. The stock had a trading volume of 380,448 shares, compared to its average volume of 726,580. The firm has a fifty day simple moving average of $34.68 and a 200 day simple moving average of $33.25. Capital Group Global Equity ETF has a 52 week low of $29.39 and a 52 week high of $36.00. The firm has a market capitalization of $3.04 billion, a P/E ratio of 24.18 and a beta of 0.81.
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.
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