Capital Group Global Equity ETF (NYSEARCA:CGGE) Shares Shorted: Short Interest Down 35.7% in September

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 476,123 shares, a decrease of 35.7% from the August 31st total of 740,295 shares. Based on an average daily volume of 431,171 shares, the short-interest ratio is presently 1.1 days. Approximately 0.5% of the company’s shares are sold short.

Capital Group Global Equity ETF Trading Up 1.1%

NYSEARCA CGGE traded up $0.40 during trading hours on Friday, hitting $35.13. 56,661 shares of the company’s stock were exchanged, compared to its average volume of 672,265. Capital Group Global Equity ETF has a 1-year low of $29.39 and a 1-year high of $36.08. The stock has a 50-day simple moving average of $35.12 and a 200 day simple moving average of $33.97. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors raised its position in shares of Capital Group Global Equity ETF by 15,343.0% during the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock worth $120,255,000 after purchasing an additional 3,777,296 shares during the period. Capital Group Private Client Services Inc. grew its position in Capital Group Global Equity ETF by 20.8% in the 4th quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock valued at $171,217,000 after purchasing an additional 932,109 shares during the period. Cetera Investment Advisers increased its stake in Capital Group Global Equity ETF by 16.3% during the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after purchasing an additional 459,321 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Capital Group Global Equity ETF by 47.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,156,513 shares of the company’s stock valued at $35,274,000 after purchasing an additional 371,939 shares in the last quarter. Finally, Compton Financial Group LLC increased its stake in Capital Group Global Equity ETF by 2,245.1% during the 1st quarter. Compton Financial Group LLC now owns 363,042 shares of the company’s stock valued at $11,073,000 after purchasing an additional 347,561 shares in the last quarter.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.