Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Increases By 3,409.4%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 429,657 shares, an increase of 3,409.4% from the February 12th total of 12,243 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 1,022,316 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 1,022,316 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are short sold.

Capital Group Global Equity ETF Trading Down 0.0%

Shares of Capital Group Global Equity ETF stock opened at $31.83 on Wednesday. The firm has a market cap of $1.93 billion, a PE ratio of 24.18 and a beta of 0.72. The stock has a 50 day moving average of $32.45 and a 200 day moving average of $31.50. Capital Group Global Equity ETF has a 12 month low of $22.76 and a 12 month high of $33.20.

Capital Group Global Equity ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a dividend of $0.1276 per share. This represents a dividend yield of 40.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CGGE. Ascent Group LLC purchased a new position in shares of Capital Group Global Equity ETF in the 3rd quarter worth $529,000. Envestnet Portfolio Solutions Inc. raised its position in shares of Capital Group Global Equity ETF by 265.3% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 254,247 shares of the company’s stock valued at $7,828,000 after buying an additional 184,653 shares in the last quarter. Intrua Financial LLC lifted its holdings in shares of Capital Group Global Equity ETF by 45.3% in the 3rd quarter. Intrua Financial LLC now owns 179,966 shares of the company’s stock valued at $5,541,000 after acquiring an additional 56,096 shares during the last quarter. Merit Financial Group LLC lifted its holdings in shares of Capital Group Global Equity ETF by 16.9% in the 3rd quarter. Merit Financial Group LLC now owns 148,996 shares of the company’s stock valued at $4,588,000 after acquiring an additional 21,509 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Capital Group Global Equity ETF by 36.0% in the third quarter. Commonwealth Equity Services LLC now owns 467,546 shares of the company’s stock worth $14,396,000 after acquiring an additional 123,691 shares in the last quarter.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.