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 growth in short interest in the month of June. As of June 30th, there was short interest totaling 270,982 shares, a growth of 346.5% from the June 15th total of 60,685 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 555,128 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. William Mack & Associates Inc. increased its position in shares of Capital Group New Geography Equity ETF by 114.5% during the 2nd quarter. William Mack & Associates Inc. now owns 16,907 shares of the company’s stock valued at $633,000 after purchasing an additional 9,025 shares during the last quarter. A&I Financial Services LLC lifted its stake in shares of Capital Group New Geography Equity ETF by 26.3% during the 2nd quarter. A&I Financial Services LLC now owns 47,968 shares of the company’s stock valued at $1,797,000 after buying an additional 9,979 shares in the last quarter. First Heartland Consultants Inc. grew its stake in Capital Group New Geography Equity ETF by 7.3% in the 2nd quarter. First Heartland Consultants Inc. now owns 15,821 shares of the company’s stock valued at $593,000 after buying an additional 1,082 shares in the last quarter. DMKC Advisory Services LLC bought a new stake in Capital Group New Geography Equity ETF during the 2nd quarter valued at $4,125,000. Finally, Inspirion Wealth Advisors LLC purchased a new stake in shares of Capital Group New Geography Equity ETF during the second quarter worth $511,000.

Capital Group New Geography Equity ETF Stock Up 0.0%

Shares of NYSEARCA CGNG traded up $0.01 during trading on Friday, reaching $36.72. The company had a trading volume of 553,985 shares, compared to its average volume of 652,351. Capital Group New Geography Equity ETF has a 12 month low of $28.20 and a 12 month high of $38.25. The stock has a market cap of $2.67 billion, a P/E ratio of 19.57 and a beta of 0.81. The company’s fifty day moving average price is $36.37 and its 200-day moving average price is $34.32.

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.