Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Grows By 395.4%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 549,581 shares, an increase of 395.4% from the June 30th total of 110,935 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 1,163,622 shares, the short-interest ratio is presently 0.5 days.

Capital Group Global Growth Equity ETF Price Performance

CGGO traded down $0.59 during trading hours on Friday, hitting $39.09. 1,128,993 shares of the stock were exchanged, compared to its average volume of 1,336,359. The stock has a 50-day simple moving average of $40.56 and a 200-day simple moving average of $37.67. Capital Group Global Growth Equity ETF has a 12 month low of $31.67 and a 12 month high of $42.88. The stock has a market cap of $11.17 billion, a price-to-earnings ratio of 22.37 and a beta of 1.01.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Pflug Koory LLC bought a new position in Capital Group Global Growth Equity ETF in the 4th quarter worth about $25,000. Miller Capital Partners Inc. bought a new stake in shares of Capital Group Global Growth Equity ETF during the fourth quarter valued at approximately $41,000. CoreCap Advisors LLC raised its holdings in shares of Capital Group Global Growth Equity ETF by 35.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock valued at $42,000 after buying an additional 319 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Capital Group Global Growth Equity ETF by 126.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,268 shares of the company’s stock worth $44,000 after buying an additional 707 shares during the period. Finally, TD Capital Management LLC acquired a new position in shares of Capital Group Global Growth Equity ETF during the fourth quarter worth approximately $48,000.

Capital Group Global Growth Equity ETF Company Profile

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.