Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Declines By 43.8%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 759,721 shares, a drop of 43.8% from the July 30th total of 1,352,732 shares. Based on an average daily volume of 1,063,705 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

Capital Group Global Growth Equity ETF Stock Down 0.7%

Capital Group Global Growth Equity ETF stock traded down $0.28 during trading on Friday, hitting $40.42. The stock had a trading volume of 1,007,693 shares, compared to its average volume of 1,310,054. Capital Group Global Growth Equity ETF has a 1 year low of $31.94 and a 1 year high of $42.88. The stock’s 50 day moving average is $40.50 and its two-hundred day moving average is $38.41. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02.

Institutional Trading of Capital Group Global Growth Equity ETF

Several hedge funds have recently made changes to their positions in the company. Weatherly Asset Management L. P. grew its stake in shares of Capital Group Global Growth Equity ETF by 0.8% during the 1st quarter. Weatherly Asset Management L. P. now owns 33,609 shares of the company’s stock worth $1,122,000 after acquiring an additional 276 shares during the period. Synergy Investment Management LLC raised its stake in Capital Group Global Growth Equity ETF by 2.5% in the 4th quarter. Synergy Investment Management LLC now owns 12,025 shares of the company’s stock valued at $417,000 after acquiring an additional 290 shares during the period. Cibc World Market Inc. raised its stake in Capital Group Global Growth Equity ETF by 4.3% in the 4th quarter. Cibc World Market Inc. now owns 7,849 shares of the company’s stock valued at $272,000 after acquiring an additional 325 shares during the period. Trinity Wealth Management LLC lifted its holdings in Capital Group Global Growth Equity ETF by 3.6% during the second quarter. Trinity Wealth Management LLC now owns 9,360 shares of the company’s stock valued at $396,000 after purchasing an additional 328 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in Capital Group Global Growth Equity ETF by 10.6% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,647 shares of the company’s stock valued at $126,000 after purchasing an additional 350 shares during 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.