Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Significant Decrease in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 365,363 shares, a decrease of 65.7% from the April 15th total of 1,064,901 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,264,277 shares, the short-interest ratio is currently 0.3 days.

Capital Group Global Growth Equity ETF Trading Down 2.6%

NYSEARCA:CGGO traded down $1.04 during midday trading on Friday, reaching $38.72. The company had a trading volume of 1,274,513 shares, compared to its average volume of 1,355,448. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01. The stock’s fifty day simple moving average is $36.03 and its 200-day simple moving average is $35.58. Capital Group Global Growth Equity ETF has a 12-month low of $29.82 and a 12-month high of $40.04.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pflug Koory LLC purchased a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at about $25,000. Miller Capital Partners Inc. purchased a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at about $41,000. CoreCap Advisors LLC boosted its stake in shares of Capital Group Global Growth Equity ETF by 35.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after buying an additional 319 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Capital Group Global Growth Equity ETF by 126.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock valued at $44,000 after buying an additional 707 shares during the period. Finally, TD Capital Management LLC purchased a new position in shares of Capital Group Global Growth Equity ETF in the 4th quarter valued at about $48,000.

Capital Group Global Growth Equity ETF Company Profile

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.