Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Update

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 865,261 shares, an increase of 211.7% from the July 15th total of 277,609 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 800,492 shares, the days-to-cover ratio is currently 1.1 days.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA CGNG traded up $0.21 on Thursday, reaching $36.91. The company had a trading volume of 650,529 shares, compared to its average volume of 652,822. The firm has a market capitalization of $2.81 billion, a PE ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a 1 year low of $29.01 and a 1 year high of $38.25. The firm has a 50-day moving average of $36.25 and a 200-day moving average of $34.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. William Mack & Associates Inc. grew its holdings in Capital Group New Geography Equity ETF by 114.5% during the 2nd quarter. William Mack & Associates Inc. now owns 16,907 shares of the company’s stock valued at $633,000 after purchasing an additional 9,025 shares in the last quarter. A&I Financial Services LLC lifted its holdings in Capital Group New Geography Equity ETF by 26.3% in the 2nd quarter. A&I Financial Services LLC now owns 47,968 shares of the company’s stock worth $1,797,000 after buying an additional 9,979 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in Capital Group New Geography Equity ETF by 7.3% in the 2nd quarter. First Heartland Consultants Inc. now owns 15,821 shares of the company’s stock worth $593,000 after buying an additional 1,082 shares in the last quarter. DMKC Advisory Services LLC acquired a new position in Capital Group New Geography Equity ETF in the 2nd quarter worth $4,125,000. Finally, Inspirion Wealth Advisors LLC purchased a new position in Capital Group New Geography Equity ETF in the 2nd quarter valued at about $511,000.

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.