Polen Capital Global Growth ETF (NYSEARCA:PCGG) Short Interest Up 93.0% in May

Polen Capital Global Growth ETF (NYSEARCA:PCGG) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 11,543 shares, an increase of 93.0% from the May 14th total of 5,980 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average trading volume of 7,196 shares, the short-interest ratio is presently 1.6 days.

Polen Capital Global Growth ETF Price Performance

Shares of NYSEARCA PCGG traded down $0.08 on Tuesday, hitting $10.98. The company’s stock had a trading volume of 3,146 shares, compared to its average volume of 152,396. The stock has a 50 day moving average of $10.88 and a 200-day moving average of $11.15. The company has a market capitalization of $8.89 million, a price-to-earnings ratio of 34.57 and a beta of 1.06. Polen Capital Global Growth ETF has a 12-month low of $9.70 and a 12-month high of $12.65.

Institutional Investors Weigh In On Polen Capital Global Growth ETF

A hedge fund recently raised its stake in Polen Capital Global Growth ETF stock. Flow Traders U.S. LLC grew its stake in shares of Polen Capital Global Growth ETF (NYSEARCA:PCGG) by 301.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 172,580 shares of the company’s stock after buying an additional 129,598 shares during the period. Flow Traders U.S. LLC owned 1.11% of Polen Capital Global Growth ETF worth $2,121,000 at the end of the most recent reporting period.

About Polen Capital Global Growth ETF

The Polen Capital Global Growth ETF (PCGG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed, high-conviction portfolio of companies that are perceived to have a sustainable competitive advantage and strong potential for above average earnings globally. PCGG was launched on Aug 30, 2023 and is issued by Polen.