Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Declines By 95.3%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 60,685 shares, a decrease of 95.3% from the May 31st total of 1,287,052 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 791,330 shares, the days-to-cover ratio is currently 0.1 days.

Capital Group New Geography Equity ETF Price Performance

CGNG stock traded down $0.15 during mid-day trading on Friday, hitting $36.67. 260,430 shares of the stock were exchanged, compared to its average volume of 650,967. The business has a fifty day moving average price of $35.91 and a 200 day moving average price of $33.96. Capital Group New Geography Equity ETF has a 12 month low of $28.20 and a 12 month high of $38.25. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 19.57 and a beta of 0.83.

Institutional Trading of Capital Group New Geography Equity ETF

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its position in Capital Group New Geography Equity ETF by 2,330.7% during the first quarter. Royal Bank of Canada now owns 350,437 shares of the company’s stock valued at $8,817,000 after acquiring an additional 336,020 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Capital Group New Geography Equity ETF by 154.6% in the 2nd quarter. Baird Financial Group Inc. now owns 110,708 shares of the company’s stock worth $3,189,000 after acquiring an additional 67,218 shares during the last quarter. Peapack Gladstone Financial Corp boosted its stake in shares of Capital Group New Geography Equity ETF by 10.9% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 13,220 shares of the company’s stock valued at $381,000 after purchasing an additional 1,300 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Capital Group New Geography Equity ETF by 131.3% in the 2nd quarter. Raymond James Financial Inc. now owns 742,206 shares of the company’s stock valued at $21,383,000 after purchasing an additional 421,319 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Capital Group New Geography Equity ETF by 1,393.3% in the 2nd quarter. Jane Street Group LLC now owns 273,985 shares of the company’s stock valued at $7,894,000 after purchasing an additional 255,637 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.