Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Down 57.2% in June

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 355,907 shares, a decline of 57.2% from the May 31st total of 831,351 shares. Based on an average daily trading volume, of 1,211,484 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Capital Group Global Growth Equity ETF Stock Up 1.1%

Shares of CGGO stock traded up $0.47 during trading hours on Tuesday, hitting $42.33. 1,841,400 shares of the company’s stock traded hands, compared to its average volume of 1,343,803. The stock’s fifty day simple moving average is $39.83 and its two-hundred day simple moving average is $37.00. Capital Group Global Growth Equity ETF has a 12-month low of $31.60 and a 12-month high of $42.88. The stock has a market cap of $11.45 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Institutional investors have recently modified their holdings of the stock. Sapient Capital LLC purchased a new stake in Capital Group Global Growth Equity ETF during the 1st quarter valued at $209,000. Western Wealth Management LLC raised its position in Capital Group Global Growth Equity ETF by 31.2% in the 1st quarter. Western Wealth Management LLC now owns 36,618 shares of the company’s stock worth $1,222,000 after buying an additional 8,708 shares during the last quarter. NewEdge Advisors LLC raised its position in Capital Group Global Growth Equity ETF by 9.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,663,897 shares of the company’s stock worth $55,524,000 after buying an additional 147,805 shares during the last quarter. Cozad Asset Management Inc. boosted its holdings in shares of Capital Group Global Growth Equity ETF by 12.2% during the 1st quarter. Cozad Asset Management Inc. now owns 7,525 shares of the company’s stock valued at $251,000 after acquiring an additional 820 shares during the last quarter. Finally, Security Financial Services INC. grew its stake in shares of Capital Group Global Growth Equity ETF by 17.1% in the first quarter. Security Financial Services INC. now owns 28,343 shares of the company’s stock worth $946,000 after acquiring an additional 4,129 shares during the period.

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.