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

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 365,363 shares, a drop of 65.7% from the April 15th total of 1,064,901 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,264,277 shares, the days-to-cover ratio is presently 0.3 days.

Capital Group Global Growth Equity ETF Stock Performance

Shares of CGGO traded down $1.04 during midday trading on Friday, hitting $38.72. The company had a trading volume of 1,274,513 shares, compared to its average volume of 1,355,448. The company’s 50-day simple moving average is $36.03 and its 200-day simple moving average is $35.58. The firm has a market capitalization of $10.48 billion, a P/E ratio of 22.37 and a beta of 1.01. Capital Group Global Growth Equity ETF has a 1 year low of $29.82 and a 1 year high of $40.04.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Group Private Client Services Inc. raised its position in shares of Capital Group Global Growth Equity ETF by 4.1% during the 4th quarter. Capital Group Private Client Services Inc. now owns 21,118,680 shares of the company’s stock worth $731,762,000 after acquiring an additional 839,808 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after acquiring an additional 19,525,691 shares in the last quarter. LPL Financial LLC raised its position in shares of Capital Group Global Growth Equity ETF by 14.9% during the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after acquiring an additional 1,958,085 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Capital Group Global Growth Equity ETF by 9.3% during the 4th quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after acquiring an additional 1,121,445 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Global Growth Equity ETF by 0.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,053,425 shares of the company’s stock worth $383,001,000 after acquiring an additional 34,680 shares in the last quarter.

Capital Group Global Growth Equity ETF Company Profile

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.