Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Up 2,022.3% in July

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,342,312 shares, an increase of 2,022.3% from the July 15th total of 63,249 shares. Based on an average daily volume of 579,312 shares, the short-interest ratio is presently 2.3 days. Currently, 1.6% of the company’s stock are short sold.

Institutional Investors Weigh In On Capital Group Global Equity ETF

A number of hedge funds have recently made changes to their positions in the company. Capital Group Private Client Services Inc. lifted its stake in shares of Capital Group Global Equity ETF by 20.8% in the 4th quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock valued at $171,217,000 after purchasing an additional 932,109 shares during the last quarter. Capital International Investors grew its stake in shares of Capital Group Global Equity ETF by 15,343.0% during the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock worth $120,255,000 after acquiring an additional 3,777,296 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Capital Group Global Equity ETF by 16.3% in the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock valued at $100,198,000 after acquiring an additional 459,321 shares during the period. LPL Financial LLC increased its holdings in Capital Group Global Equity ETF by 43.1% in the 4th quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock worth $86,721,000 after buying an additional 826,247 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Capital Group Global Equity ETF by 356.3% in the 4th quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock valued at $73,836,000 after buying an additional 1,822,747 shares during the period.

Capital Group Global Equity ETF Stock Down 0.2%

CGGE traded down $0.06 during mid-day trading on Tuesday, reaching $35.68. 380,448 shares of the company traded hands, compared to its average volume of 726,580. The stock has a market capitalization of $3.04 billion, a P/E ratio of 24.18 and a beta of 0.81. The company’s fifty day moving average price is $34.68 and its 200-day moving average price is $33.25. Capital Group Global Equity ETF has a 52-week low of $29.39 and a 52-week high of $36.00.

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.