Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Update

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 759,721 shares, a decline of 43.8% from the July 30th total of 1,352,732 shares. Based on an average trading volume of 1,063,705 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Capital Group Global Growth Equity ETF Stock Down 0.7%

Shares of CGGO stock traded down $0.28 during trading hours on Friday, hitting $40.42. 1,007,693 shares of the company’s stock traded hands, compared to its average volume of 1,310,054. The stock’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $38.41. The stock has a market cap of $11.70 billion, a PE ratio of 22.37 and a beta of 1.02. Capital Group Global Growth Equity ETF has a 12 month low of $31.94 and a 12 month high of $42.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CGGO. Weatherly Asset Management L. P. grew its position in Capital Group Global Growth Equity ETF by 0.8% during the first quarter. Weatherly Asset Management L. P. now owns 33,609 shares of the company’s stock valued at $1,122,000 after buying an additional 276 shares during the period. Synergy Investment Management LLC raised its position in Capital Group Global Growth Equity ETF by 2.5% in the fourth quarter. Synergy Investment Management LLC now owns 12,025 shares of the company’s stock worth $417,000 after acquiring an additional 290 shares during the period. Cibc World Market Inc. raised its position in Capital Group Global Growth Equity ETF by 4.3% in the fourth quarter. Cibc World Market Inc. now owns 7,849 shares of the company’s stock worth $272,000 after acquiring an additional 325 shares during the period. Trinity Wealth Management LLC boosted its stake in Capital Group Global Growth Equity ETF by 3.6% in the second quarter. Trinity Wealth Management LLC now owns 9,360 shares of the company’s stock valued at $396,000 after acquiring an additional 328 shares during the last quarter. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Capital Group Global Growth Equity ETF by 10.6% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 3,647 shares of the company’s stock valued at $126,000 after acquiring an additional 350 shares during the last quarter.

About Capital Group Global Growth Equity ETF

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.