Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 429,657 shares, an increase of 3,409.4% from the February 12th total of 12,243 shares. Based on an average daily volume of 1,022,316 shares, the short-interest ratio is presently 0.4 days. Currently, 0.7% of the shares of the stock are short sold. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 1,022,316 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Large investors have recently modified their holdings of the business. DAVENPORT & Co LLC grew its position in shares of Capital Group Global Equity ETF by 4.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 8,750 shares of the company’s stock valued at $269,000 after buying an additional 350 shares during the last quarter. IAG Wealth Partners LLC raised its position in shares of Capital Group Global Equity ETF by 1.4% during the third quarter. IAG Wealth Partners LLC now owns 29,479 shares of the company’s stock worth $908,000 after acquiring an additional 400 shares during the last quarter. Sittner & Nelson LLC raised its position in shares of Capital Group Global Equity ETF by 7.3% during the third quarter. Sittner & Nelson LLC now owns 7,388 shares of the company’s stock worth $227,000 after acquiring an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of Capital Group Global Equity ETF by 3.7% in the fourth quarter. Ausdal Financial Partners Inc. now owns 13,891 shares of the company’s stock worth $439,000 after acquiring an additional 501 shares during the period. Finally, Mutual Advisors LLC lifted its stake in shares of Capital Group Global Equity ETF by 3.5% in the fourth quarter. Mutual Advisors LLC now owns 15,421 shares of the company’s stock worth $488,000 after acquiring an additional 523 shares during the period.

Capital Group Global Equity ETF Stock Down 1.9%

Capital Group Global Equity ETF stock traded down $0.61 during trading hours on Thursday, hitting $31.14. The stock had a trading volume of 385,216 shares, compared to its average volume of 945,924. The business’s 50 day simple moving average is $32.45 and its 200-day simple moving average is $31.50. Capital Group Global Equity ETF has a one year low of $22.76 and a one year high of $33.20. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 24.18 and a beta of 0.72.

Capital Group Global Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Shareholders of record on Friday, December 26th were issued a dividend of $0.1276 per share. This represents a yield of 40.0%. The ex-dividend date of this dividend was Friday, December 26th.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.