Short Interest in Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Increases By 158.2%

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 943,290 shares, a growth of 158.2% from the April 30th total of 365,363 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,243,733 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several hedge funds have recently added to or reduced their stakes in the company. Cozad Asset Management Inc. grew its holdings in Capital Group Global Growth Equity ETF by 12.2% during the 1st quarter. Cozad Asset Management Inc. now owns 7,525 shares of the company’s stock valued at $251,000 after purchasing an additional 820 shares during the last quarter. Security Financial Services INC. grew its holdings in Capital Group Global Growth Equity ETF by 17.1% during the 1st quarter. Security Financial Services INC. now owns 28,343 shares of the company’s stock valued at $946,000 after purchasing an additional 4,129 shares during the last quarter. Ruggaard & Associates LLC grew its holdings in Capital Group Global Growth Equity ETF by 3.4% during the 1st quarter. Ruggaard & Associates LLC now owns 255,837 shares of the company’s stock valued at $8,537,000 after purchasing an additional 8,423 shares during the last quarter. WNY Asset Management LLC bought a new position in Capital Group Global Growth Equity ETF during the 1st quarter valued at about $23,784,000. Finally, J. Derek Lewis & Associates Inc. grew its holdings in Capital Group Global Growth Equity ETF by 12.4% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 656,978 shares of the company’s stock valued at $21,954,000 after purchasing an additional 72,716 shares during the last quarter.

Capital Group Global Growth Equity ETF Price Performance

Shares of NYSEARCA CGGO traded up $0.03 during mid-day trading on Friday, hitting $41.04. 862,236 shares of the company’s stock traded hands, compared to its average volume of 1,347,658. The company’s 50-day moving average is $36.99 and its two-hundred day moving average is $35.93. The company has a market capitalization of $11.11 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 $30.07 and a 1 year high of $41.22.

About Capital Group Global Growth Equity ETF

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.