Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Rises By 1,364.7%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 71,944 shares, a growth of 1,364.7% from the May 31st total of 4,912 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 572,399 shares, the short-interest ratio is presently 0.1 days.

Capital Group Global Equity ETF Price Performance

CGGE traded down $0.10 during trading hours on Friday, reaching $34.46. The company’s stock had a trading volume of 96,138 shares, compared to its average volume of 761,411. Capital Group Global Equity ETF has a fifty-two week low of $28.74 and a fifty-two week high of $35.21. The stock has a market cap of $2.61 billion, a PE ratio of 24.18 and a beta of 0.82. The business’s 50-day moving average is $33.80 and its 200-day moving average is $32.58.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Several large investors have recently modified their holdings of the business. Capital Group Private Client Services Inc. raised its holdings 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 buying an additional 932,109 shares during the period. Capital International Investors increased 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 valued at $120,255,000 after acquiring an additional 3,777,296 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group Global Equity ETF by 16.3% during the first quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after acquiring an additional 459,321 shares during the last quarter. LPL Financial LLC raised its stake in shares of Capital Group Global Equity ETF by 43.1% in the 4th quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock valued at $86,721,000 after acquiring an additional 826,247 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Capital Group Global Equity ETF by 356.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock valued at $73,836,000 after acquiring an additional 1,822,747 shares during the period.

Capital Group Global Equity ETF Company Profile

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.