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

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 341,786 shares, a decrease of 60.5% from the July 30th total of 865,261 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 479,205 shares, the days-to-cover ratio is presently 0.7 days.

Capital Group New Geography Equity ETF Price Performance

Capital Group New Geography Equity ETF stock traded down $0.28 during trading hours on Friday, reaching $36.82. The company had a trading volume of 717,155 shares, compared to its average volume of 646,301. Capital Group New Geography Equity ETF has a 12-month low of $29.02 and a 12-month high of $38.25. The company has a 50-day moving average price of $36.32 and a 200 day moving average price of $35.07. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in shares of 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 valued at $72,000 after acquiring an additional 2,203 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in 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 during the period. Comerica Bank raised its position in 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 during the last quarter. Birchwood Financial Partners Inc. bought a new position in Capital Group New Geography Equity ETF during the 4th quarter valued at approximately $125,000. Finally, Sittner & Nelson LLC lifted its holdings in Capital Group New Geography Equity ETF by 281.2% in the 3rd quarter. Sittner & Nelson LLC now owns 4,955 shares of the company’s stock worth $153,000 after buying an additional 3,655 shares during the period.

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.