Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Drops By 51.8%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 200,019 shares, a decline of 51.8% from the December 31st total of 414,626 shares. Based on an average daily trading volume, of 655,109 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 655,109 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in Capital Group New Geography Equity ETF during the third quarter valued at $28,000. Geneos Wealth Management Inc. bought a new position in shares of Capital Group New Geography Equity ETF in the 3rd quarter worth about $30,000. Bfsg LLC purchased a new position in Capital Group New Geography Equity ETF during the 3rd quarter valued at about $32,000. Flagship Harbor Advisors LLC purchased a new position in Capital Group New Geography Equity ETF during the 4th quarter valued at about $34,000. Finally, Sittner & Nelson LLC bought a new stake in Capital Group New Geography Equity ETF during the second quarter worth about $37,000.

Capital Group New Geography Equity ETF Price Performance

Shares of CGNG opened at $34.22 on Thursday. The company has a 50-day simple moving average of $32.32 and a two-hundred day simple moving average of $31.02. The firm has a market capitalization of $1.50 billion, a PE ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a one year low of $22.22 and a one year high of $34.37.

Capital Group New Geography Equity ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were paid a $0.217 dividend. This represents a dividend yield of 67.0%. The ex-dividend date was Friday, December 26th.

Capital Group New Geography Equity ETF Company Profile

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.