Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Up 142.6% in August

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 829,307 shares, an increase of 142.6% from the August 15th total of 341,786 shares. Based on an average daily trading volume, of 558,720 shares, the short-interest ratio is currently 1.5 days. Currently, 1.1% of the shares of the company are sold short.

Capital Group New Geography Equity ETF Stock Up 0.9%

Shares of Capital Group New Geography Equity ETF stock traded up $0.33 on Friday, hitting $36.98. The stock had a trading volume of 476,574 shares, compared to its average volume of 638,999. The business’s 50 day moving average is $36.36 and its two-hundred day moving average is $35.25. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a twelve month low of $30.13 and a twelve month high of $38.25.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of large investors have recently added to or reduced their stakes in CGNG. LPL Financial LLC increased its stake in shares of Capital Group New Geography Equity ETF by 48.1% in the 4th quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after purchasing an additional 1,472,258 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group New Geography Equity ETF by 1,392.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock valued at $41,877,000 after buying an additional 1,264,471 shares during the period. Bank of America Corp DE increased its position in Capital Group New Geography Equity ETF by 131.4% in the 1st quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock valued at $41,129,000 after acquiring an additional 739,844 shares during the period. Wells Fargo & Company MN increased its holdings in Capital Group New Geography Equity ETF by 334.5% in the fourth quarter. Wells Fargo & Company MN now owns 692,051 shares of the company’s stock valued at $22,097,000 after purchasing an additional 532,769 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Capital Group New Geography Equity ETF by 71.6% during the third quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after acquiring an additional 531,580 shares during the last quarter.

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.