Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Large Increase in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 1,243,765 shares, an increase of 246.4% from the December 15th total of 359,048 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 1,036,091 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 1,036,091 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of Capital Group Global Growth Equity ETF

Several hedge funds have recently bought and sold shares of CGGO. CoreCap Advisors LLC raised its stake in shares of Capital Group Global Growth Equity ETF by 35.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock worth $42,000 after buying an additional 319 shares during the period. Huntington National Bank purchased a new position in Capital Group Global Growth Equity ETF during the third quarter valued at approximately $48,000. Richardson Capital Management LLC boosted its position in shares of Capital Group Global Growth Equity ETF by 658.0% in the third quarter. Richardson Capital Management LLC now owns 1,425 shares of the company’s stock worth $49,000 after purchasing an additional 1,237 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of Capital Group Global Growth Equity ETF by 102.8% in the third quarter. TD Waterhouse Canada Inc. now owns 1,989 shares of the company’s stock worth $69,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Capital Group Global Growth Equity ETF by 76.5% during the 3rd quarter. Allworth Financial LP now owns 2,423 shares of the company’s stock valued at $83,000 after purchasing an additional 1,050 shares during the period.

Capital Group Global Growth Equity ETF Trading Down 0.5%

Shares of CGGO stock opened at $35.89 on Thursday. Capital Group Global Growth Equity ETF has a 12 month low of $24.67 and a 12 month high of $36.24. The stock has a market cap of $8.53 billion, a P/E ratio of 22.37 and a beta of 0.96. The company has a 50 day simple moving average of $34.72 and a two-hundred day simple moving average of $33.79.

Capital Group Global Growth Equity ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were issued a $0.3978 dividend. This represents a yield of 227.0%. The ex-dividend date of this dividend was Friday, December 26th.

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.