Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Drops By 85.1%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a significant decline in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 506,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in Capital Group Global Equity ETF by 760.2% in the first quarter. Jane Street Group LLC now owns 114,653 shares of the company’s stock worth $2,965,000 after purchasing an additional 101,325 shares in the last quarter. CLG LLC bought a new stake in Capital Group Global Equity ETF during the 2nd quarter worth about $249,000. Benjamin Edwards Inc. grew its holdings in Capital Group Global Equity ETF by 97.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 140,006 shares of the company’s stock worth $4,087,000 after acquiring an additional 69,100 shares during the last quarter. MML Investors Services LLC increased its position in Capital Group Global Equity ETF by 30.9% in the 2nd quarter. MML Investors Services LLC now owns 685,472 shares of the company’s stock valued at $20,009,000 after acquiring an additional 161,915 shares in the last quarter. Finally, Lantern Wealth Advisors LLC bought a new position in shares of Capital Group Global Equity ETF in the second quarter worth about $710,000.

Capital Group Global Equity ETF Stock Performance

Shares of NYSEARCA CGGE remained flat at $34.28 during mid-day trading on Friday. 521,050 shares of the stock traded hands, compared to its average volume of 737,685. The firm has a market cap of $2.89 billion, a P/E ratio of 24.18 and a beta of 0.80. The firm’s fifty day moving average price is $34.44 and its two-hundred day moving average price is $33.03. Capital Group Global Equity ETF has a 12 month low of $28.74 and a 12 month high of $35.40.

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.