Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Update

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 865,261 shares, a growth of 211.7% from the July 15th total of 277,609 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 800,492 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Capital Group New Geography Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGNG. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC increased its position in Capital Group New Geography Equity ETF by 4,589.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after purchasing an additional 2,203 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in Capital Group New Geography Equity ETF by 68.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock worth $118,000 after purchasing an additional 1,513 shares during the period. Comerica Bank raised its stake in Capital Group New Geography Equity ETF by 17.8% during the third quarter. Comerica Bank now owns 3,836 shares of the company’s stock worth $119,000 after purchasing an additional 579 shares during the period. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of Capital Group New Geography Equity ETF in the 4th quarter valued at $125,000.

Capital Group New Geography Equity ETF Stock Up 0.6%

Shares of NYSEARCA:CGNG traded up $0.21 during midday trading on Thursday, reaching $36.91. The company’s stock had a trading volume of 650,529 shares, compared to its average volume of 652,822. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. The business has a 50 day moving average price of $36.25 and a 200 day moving average price of $34.83. Capital Group New Geography Equity ETF has a 1 year low of $29.01 and a 1 year high of $38.25.

Capital Group New Geography Equity ETF Company Profile

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.