Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Update

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 414,626 shares, a growth of 140.6% from the December 15th total of 172,317 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 379,203 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 379,203 shares, the short-interest ratio is presently 1.1 days. Approximately 1.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

A number of large investors have recently bought and sold shares of the stock. Capital Group Private Client Services Inc. raised its position in shares of Capital Group New Geography Equity ETF by 44.4% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 2,430,826 shares of the company’s stock worth $75,113,000 after buying an additional 747,156 shares during the period. Envestnet Asset Management Inc. grew its stake in Capital Group New Geography Equity ETF by 119.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,219,043 shares of the company’s stock worth $68,568,000 after buying an additional 1,208,748 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group New Geography Equity ETF by 1,392.8% in the third 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 in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Capital Group New Geography Equity ETF by 503.4% during the 2nd quarter. Cetera Investment Advisers now owns 1,291,547 shares of the company’s stock valued at $37,209,000 after acquiring an additional 1,077,493 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Capital Group New Geography Equity ETF by 71.6% during the 3rd quarter. Raymond James Financial Inc. now owns 1,273,786 shares of the company’s stock worth $39,360,000 after purchasing an additional 531,580 shares during the period.

Capital Group New Geography Equity ETF Price Performance

CGNG traded down $0.10 during trading on Friday, hitting $33.31. The company’s stock had a trading volume of 150,521 shares, compared to its average volume of 605,956. The stock has a market cap of $1.39 billion, a PE ratio of 19.57 and a beta of 0.55. Capital Group New Geography Equity ETF has a twelve month low of $22.22 and a twelve month high of $33.56. The firm’s 50 day moving average price is $31.98 and its 200-day moving average price is $30.71.

Capital Group New Geography Equity ETF Announces Dividend

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

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.