Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Shares Shorted: Short Interest Down 43.5% in September

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 468,542 shares, a decrease of 43.5% from the August 31st total of 829,307 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 525,334 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Capital Group New Geography Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CGNG. IFP Advisors Inc lifted its position in Capital Group New Geography Equity ETF by 102.1% during the second quarter. IFP Advisors Inc now owns 1,512 shares of the company’s stock valued at $57,000 after purchasing an additional 764 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Capital Group New Geography Equity ETF by 4,589.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock valued at $72,000 after buying an additional 2,203 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Capital Group New Geography Equity ETF in the 4th quarter valued at about $125,000. NWF Advisory Services Inc. purchased a new stake in shares of Capital Group New Geography Equity ETF in the second quarter worth about $229,000. Finally, Rothschild Investment LLC grew its holdings in Capital Group New Geography Equity ETF by 93.8% during the fourth quarter. Rothschild Investment LLC now owns 6,200 shares of the company’s stock worth $198,000 after acquiring an additional 3,000 shares during the period.

Capital Group New Geography Equity ETF Stock Performance

NYSEARCA CGNG traded down $0.06 during trading hours on Thursday, reaching $36.39. The stock had a trading volume of 351,258 shares, compared to its average volume of 630,589. The stock has a fifty day moving average of $36.52 and a 200 day moving average of $35.55. The stock has a market cap of $3.12 billion, a P/E ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a 52-week low of $30.13 and a 52-week high of $38.25.

Capital Group New Geography Equity ETF Company Profile

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.