Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Large Growth in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 1,064,901 shares, an increase of 82.0% from the March 31st total of 585,225 shares. Based on an average trading volume of 1,227,348 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are sold short.

Capital Group Global Growth Equity ETF Stock Performance

Shares of CGGO stock traded down $0.52 during mid-day trading on Tuesday, hitting $36.97. The company’s stock had a trading volume of 1,144,169 shares, compared to its average volume of 1,378,018. The company’s fifty day simple moving average is $35.47 and its 200-day simple moving average is $35.23. Capital Group Global Growth Equity ETF has a 52 week low of $28.02 and a 52 week high of $37.85. The company has a market cap of $9.94 billion, a PE ratio of 22.37 and a beta of 0.99.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Weatherly Asset Management L. P. increased its holdings in Capital Group Global Growth Equity ETF by 0.8% during the 1st quarter. Weatherly Asset Management L. P. now owns 33,609 shares of the company’s stock worth $1,122,000 after purchasing an additional 276 shares in the last quarter. Synergy Investment Management LLC increased its holdings in Capital Group Global Growth Equity ETF by 2.5% during the 4th quarter. Synergy Investment Management LLC now owns 12,025 shares of the company’s stock worth $417,000 after purchasing an additional 290 shares in the last quarter. Investment Planning Advisors Inc. increased its holdings in Capital Group Global Growth Equity ETF by 1.5% during the 4th quarter. Investment Planning Advisors Inc. now owns 19,883 shares of the company’s stock worth $689,000 after purchasing an additional 295 shares in the last quarter. Financial Security Advisor Inc. increased its holdings in Capital Group Global Growth Equity ETF by 1.9% during the 3rd quarter. Financial Security Advisor Inc. now owns 17,107 shares of the company’s stock worth $585,000 after purchasing an additional 316 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in Capital Group Global Growth Equity ETF by 35.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,219 shares of the company’s stock worth $42,000 after purchasing an additional 319 shares in the last quarter.

About Capital Group Global Growth Equity ETF

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.