Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Drops By 39.1%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 121,886 shares, a decrease of 39.1% from the January 15th total of 200,019 shares. Based on an average daily trading volume, of 617,216 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 617,216 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CGNG. LPL Financial LLC increased its position in shares of Capital Group New Geography Equity ETF by 48.1% during the fourth quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after buying an additional 1,472,258 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Capital Group New Geography Equity ETF by 1,392.8% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,355,255 shares of the company’s stock worth $41,877,000 after acquiring an additional 1,264,471 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group New Geography Equity ETF by 119.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock worth $68,568,000 after acquiring an additional 1,208,748 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Capital Group New Geography Equity ETF by 503.4% in the 2nd quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock valued at $37,209,000 after purchasing an additional 1,077,493 shares during the period. Finally, Capital Group Private Client Services Inc. boosted its position in shares of Capital Group New Geography Equity ETF by 44.4% during the third quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock valued at $75,113,000 after purchasing an additional 747,156 shares in the last quarter.

Capital Group New Geography Equity ETF Stock Down 0.1%

Shares of Capital Group New Geography Equity ETF stock traded down $0.04 during trading on Friday, reaching $34.25. 608,535 shares of the stock were exchanged, compared to its average volume of 633,148. The stock’s fifty day moving average is $32.94 and its 200 day moving average is $31.45. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a 1 year low of $22.22 and a 1 year high of $34.90.

Capital Group New Geography Equity ETF Dividend Announcement

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

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.