Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Up 146.1% in July

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,352,732 shares, an increase of 146.1% from the July 15th total of 549,581 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 1,481,789 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Trading of Capital Group Global Growth Equity ETF

Several hedge funds have recently added to or reduced their stakes in CGGO. Weatherly Asset Management L. P. boosted its stake in Capital Group Global Growth Equity ETF by 0.8% in the 1st quarter. Weatherly Asset Management L. P. now owns 33,609 shares of the company’s stock valued at $1,122,000 after purchasing an additional 276 shares during the period. Synergy Investment Management LLC increased its position in Capital Group Global Growth Equity ETF by 2.5% during the 4th quarter. Synergy Investment Management LLC now owns 12,025 shares of the company’s stock worth $417,000 after buying an additional 290 shares during the period. Cibc World Market Inc. lifted its holdings in shares of Capital Group Global Growth Equity ETF by 4.3% during the fourth quarter. Cibc World Market Inc. now owns 7,849 shares of the company’s stock worth $272,000 after buying an additional 325 shares in the last quarter. Trinity Wealth Management LLC lifted its holdings in shares of Capital Group Global Growth Equity ETF by 3.6% during the second quarter. Trinity Wealth Management LLC now owns 9,360 shares of the company’s stock worth $396,000 after buying an additional 328 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Capital Group Global Growth Equity ETF by 10.6% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,647 shares of the company’s stock valued at $126,000 after acquiring an additional 350 shares during the period.

Capital Group Global Growth Equity ETF Trading Down 0.0%

CGGO stock traded down $0.01 during mid-day trading on Friday, hitting $41.28. 960,461 shares of the company were exchanged, compared to its average volume of 1,324,780. Capital Group Global Growth Equity ETF has a 1-year low of $31.94 and a 1-year high of $42.88. The stock has a market capitalization of $11.95 billion, a PE ratio of 22.37 and a beta of 1.02. The business has a 50 day simple moving average of $40.51 and a 200-day simple moving average of $38.08.

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.