Capital Group Growth ETF (NYSEARCA:CGGR) Sees Large Decline in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 976,746 shares, a decrease of 68.1% from the April 30th total of 3,058,327 shares. Based on an average daily volume of 2,446,557 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Capital Group Growth ETF Stock Performance

Shares of NYSEARCA CGGR opened at $47.73 on Monday. The firm has a 50 day moving average of $43.77 and a 200 day moving average of $43.81. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $37.64 and a 12-month high of $47.85.

Institutional Investors Weigh In On Capital Group Growth ETF

Hedge funds have recently modified their holdings of the business. Cozad Asset Management Inc. increased its stake in shares of Capital Group Growth ETF by 10.9% in the 1st quarter. Cozad Asset Management Inc. now owns 196,567 shares of the company’s stock worth $7,900,000 after purchasing an additional 19,300 shares in the last quarter. Challenger Wealth Management lifted its position in Capital Group Growth ETF by 0.3% during the first quarter. Challenger Wealth Management now owns 444,185 shares of the company’s stock valued at $17,852,000 after purchasing an additional 1,506 shares in the last quarter. Security Financial Services INC. grew its holdings in Capital Group Growth ETF by 22.9% during the first quarter. Security Financial Services INC. now owns 28,427 shares of the company’s stock valued at $1,142,000 after purchasing an additional 5,294 shares during the period. WNY Asset Management LLC bought a new stake in Capital Group Growth ETF during the first quarter valued at about $72,542,000. Finally, J. Derek Lewis & Associates Inc. increased its position in Capital Group Growth ETF by 9.1% in the first quarter. J. Derek Lewis & Associates Inc. now owns 514,130 shares of the company’s stock worth $20,674,000 after buying an additional 43,094 shares in the last quarter.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.