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

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 270,982 shares, a growth of 346.5% from the June 15th total of 60,685 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 555,128 shares, the short-interest ratio is currently 0.5 days.

Capital Group New Geography Equity ETF Stock Performance

NYSEARCA CGNG traded up $0.01 during trading hours on Friday, hitting $36.72. The company had a trading volume of 553,985 shares, compared to its average volume of 652,351. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.57 and a beta of 0.81. Capital Group New Geography Equity ETF has a 52 week low of $28.20 and a 52 week high of $38.25. The firm has a 50 day simple moving average of $36.37 and a 200 day simple moving average of $34.32.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

A number of large investors have recently modified their holdings of CGNG. Flagship Harbor Advisors LLC bought a new stake in Capital Group New Geography Equity ETF during the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC boosted its holdings in Capital Group New Geography Equity ETF by 4,589.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock valued at $72,000 after purchasing an additional 2,203 shares during the period. Transamerica Financial Advisors LLC grew its position in shares of Capital Group New Geography Equity ETF by 68.9% during the 4th quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock valued at $118,000 after purchasing an additional 1,513 shares in the last quarter. Comerica Bank grew its position in shares of Capital Group New Geography Equity ETF by 17.8% during the 3rd quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after purchasing an additional 579 shares in the last quarter. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Capital Group New Geography Equity ETF in the fourth quarter worth $125,000.

About Capital Group New Geography Equity ETF

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.