Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Large Growth in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 209,205 shares, an increase of 103.8% from the April 30th total of 102,663 shares. Based on an average daily trading volume, of 580,195 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Capital Group New Geography Equity ETF Price Performance

Shares of NYSEARCA CGNG traded up $0.54 during mid-day trading on Monday, hitting $37.36. 336,033 shares of the company’s stock traded hands, compared to its average volume of 643,664. Capital Group New Geography Equity ETF has a 1 year low of $27.23 and a 1 year high of $37.36. The company has a market capitalization of $2.22 billion, a P/E ratio of 19.57 and a beta of 0.82. The company’s 50-day moving average is $34.16 and its two-hundred day moving average is $33.26.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

Large investors have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in Capital Group New Geography Equity ETF by 4,589.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock valued at $72,000 after buying an additional 2,203 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Capital Group New Geography Equity ETF during the 3rd quarter worth approximately $105,000. Transamerica Financial Advisors LLC increased its holdings in shares of Capital Group New Geography Equity ETF by 68.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock valued at $118,000 after purchasing an additional 1,513 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Capital Group New Geography Equity ETF by 17.8% during the third quarter. Comerica Bank now owns 3,836 shares of the company’s stock worth $119,000 after purchasing an additional 579 shares during the period.

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.