Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Down 85.1% in July

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 63,249 shares, a decline of 85.1% from the June 30th total of 424,948 shares. Based on an average daily volume of 506,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of Capital Group Global Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital Group Private Client Services Inc. raised its position in shares of 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 worth $171,217,000 after buying an additional 932,109 shares during the period. Capital International Investors grew its position in 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 period. Cetera Investment Advisers grew its position in 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 period. LPL Financial LLC increased its stake in Capital Group Global Equity ETF by 43.1% during the fourth quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock worth $86,721,000 after acquiring an additional 826,247 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Capital Group Global Equity ETF by 356.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock worth $73,836,000 after acquiring an additional 1,822,747 shares during the last quarter.

Capital Group Global Equity ETF Price Performance

CGGE stock remained flat at $34.28 on Friday. 521,050 shares of the company traded hands, compared to its average volume of 737,685. The firm has a market cap of $2.89 billion, a PE ratio of 24.18 and a beta of 0.80. Capital Group Global Equity ETF has a 1 year low of $28.74 and a 1 year high of $35.40. The company has a fifty day simple moving average of $34.44 and a two-hundred day simple moving average of $33.03.

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.