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

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 157,433 shares, a decline of 88.3% from the July 30th total of 1,342,312 shares. Based on an average trading volume of 503,411 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group Global Equity ETF Price Performance

CGGE stock traded up $0.05 during midday trading on Thursday, reaching $35.48. 528,854 shares of the company were exchanged, compared to its average volume of 707,903. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81. The business has a 50-day moving average price of $34.99 and a two-hundred day moving average price of $33.49. Capital Group Global Equity ETF has a one year low of $29.39 and a one year high of $36.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital International Investors increased its position in shares of Capital Group Global Equity ETF by 15,343.0% in the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock worth $120,255,000 after purchasing an additional 3,777,296 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Capital Group Global Equity ETF by 356.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock valued at $73,836,000 after purchasing an additional 1,822,747 shares in the last quarter. Capital Group Private Client Services Inc. grew its holdings in shares of Capital Group Global Equity ETF by 20.8% during the 4th quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock valued at $171,217,000 after purchasing an additional 932,109 shares during the last quarter. LPL Financial LLC lifted its stake in Capital Group Global Equity ETF by 43.1% in the 4th quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock valued at $86,721,000 after purchasing an additional 826,247 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Capital Group Global Equity ETF by 400.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 996,254 shares of the company’s stock valued at $31,512,000 after purchasing an additional 797,015 shares during the last quarter.

Capital Group Global Equity ETF Company Profile

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.