Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 157,433 shares, a drop of 88.3% from the July 30th total of 1,342,312 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 503,411 shares, the days-to-cover ratio is presently 0.3 days.

Capital Group Global Equity ETF Stock Down 0.4%

CGGE traded down $0.14 during trading on Wednesday, hitting $35.36. 167,833 shares of the stock were exchanged, compared to its average volume of 707,689. Capital Group Global Equity ETF has a 1-year low of $29.39 and a 1-year high of $36.08. The stock has a fifty day moving average price of $34.97 and a two-hundred day moving average price of $33.46. The firm has a market capitalization of $3.01 billion, a P/E ratio of 24.18 and a beta of 0.81.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Institutional investors have recently modified their holdings of the business. TD Waterhouse Canada Inc. acquired a new stake in Capital Group Global Equity ETF during the 4th quarter worth $58,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Global Equity ETF during the third quarter worth about $73,000. Western Wealth Management LLC acquired a new stake in shares of Capital Group Global Equity ETF during the first quarter worth about $73,000. Comerica Bank acquired a new stake in shares of Capital Group Global Equity ETF during the third quarter worth about $82,000. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of Capital Group Global Equity ETF during the fourth quarter worth about $87,000.

About Capital Group Global Equity ETF

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.