Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Update

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 200,019 shares, a drop of 51.8% from the December 31st total of 414,626 shares. Based on an average daily volume of 655,109 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the shares of the company are sold short. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 655,109 shares, the days-to-cover ratio is currently 0.3 days.

Capital Group New Geography Equity ETF Trading Down 1.6%

Shares of NYSEARCA:CGNG traded down $0.55 on Friday, hitting $33.67. The company had a trading volume of 502,657 shares, compared to its average volume of 636,118. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 19.57 and a beta of 0.55. The stock has a 50 day moving average price of $32.40 and a 200 day moving average price of $31.04. Capital Group New Geography Equity ETF has a 1-year low of $22.22 and a 1-year high of $34.42.

Capital Group New Geography 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 $0.217 per share. This represents a dividend yield of 67.0%. The ex-dividend date was Friday, December 26th.

Institutional Trading of Capital Group New Geography Equity ETF

Several institutional investors have recently added to or reduced their stakes in CGNG. Canandaigua National Trust Co of Florida bought a new position in Capital Group New Geography Equity ETF during the fourth quarter worth about $305,000. Strategic Blueprint LLC grew its position in shares of Capital Group New Geography Equity ETF by 18.6% during the 4th quarter. Strategic Blueprint LLC now owns 118,464 shares of the company’s stock worth $3,783,000 after purchasing an additional 18,606 shares in the last quarter. Boyer Financial Services Inc. acquired a new position in shares of Capital Group New Geography Equity ETF during the 4th quarter worth approximately $1,741,000. Quadcap Wealth Management LLC increased its holdings in shares of Capital Group New Geography Equity ETF by 7.4% during the fourth quarter. Quadcap Wealth Management LLC now owns 214,907 shares of the company’s stock worth $6,862,000 after purchasing an additional 14,890 shares during the period. Finally, Comerica Bank raised its position in shares of Capital Group New Geography Equity ETF by 28.1% in the fourth quarter. Comerica Bank now owns 4,915 shares of the company’s stock valued at $157,000 after buying an additional 1,079 shares in the last quarter.

About Capital Group New Geography Equity ETF

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.