Capital Group Growth ETF (NYSEARCA:CGGR) Sees Significant Increase in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 4,375,915 shares, an increase of 279.2% from the July 15th total of 1,153,862 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 2,587,117 shares, the short-interest ratio is currently 1.7 days.

Capital Group Growth ETF Price Performance

CGGR opened at $47.03 on Thursday. The company has a market capitalization of $25.31 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18. The business’s 50-day moving average price is $46.10 and its two-hundred day moving average price is $44.51. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02.

Institutional Investors Weigh In On Capital Group Growth ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Trademark Financial Management LLC boosted its position in Capital Group Growth ETF by 2.7% during the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock worth $369,000 after acquiring an additional 242 shares during the last quarter. Sapient Capital LLC raised its holdings in shares of Capital Group Growth ETF by 3.9% in the second quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock valued at $318,000 after purchasing an additional 250 shares during the last quarter. CFS Investment Advisory Services LLC raised its holdings in shares of Capital Group Growth ETF by 0.6% in the second quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock valued at $2,261,000 after purchasing an additional 290 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of Capital Group Growth ETF by 5.8% in the second quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after purchasing an additional 294 shares in the last quarter. Finally, KMG Fiduciary Partners LLC lifted its position in shares of Capital Group Growth ETF by 1.7% in the second quarter. KMG Fiduciary Partners LLC now owns 17,868 shares of the company’s stock worth $843,000 after purchasing an additional 298 shares in the last quarter.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.