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

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 424,948 shares, a growth of 490.7% from the June 15th total of 71,944 shares. Based on an average trading volume of 674,577 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Trading of Capital Group Global Equity ETF

Hedge funds have recently bought and sold shares of the stock. A&I Financial Services LLC grew its position in Capital Group Global Equity ETF by 16.9% in the 2nd quarter. A&I Financial Services LLC now owns 76,848 shares of the company’s stock worth $2,708,000 after purchasing an additional 11,135 shares during the last quarter. Wealthcare Capital Partners LLC acquired a new position in shares of Capital Group Global Equity ETF during the second quarter valued at about $213,000. Lincoln Capital LLC acquired a new position in shares of Capital Group Global Equity ETF during the second quarter valued at about $245,000. NewEdge Advisors LLC lifted its stake in shares of Capital Group Global Equity ETF by 14.5% in the first quarter. NewEdge Advisors LLC now owns 854,249 shares of the company’s stock valued at $26,055,000 after buying an additional 108,330 shares during the period. Finally, Security Financial Services INC. lifted its stake in shares of Capital Group Global Equity ETF by 19.6% in the first quarter. Security Financial Services INC. now owns 55,949 shares of the company’s stock valued at $1,706,000 after buying an additional 9,163 shares during the period.

Capital Group Global Equity ETF Price Performance

Shares of Capital Group Global Equity ETF stock traded down $0.06 during midday trading on Friday, hitting $34.90. The company had a trading volume of 417,468 shares, compared to its average volume of 758,830. The business’s 50 day simple moving average is $34.26 and its two-hundred day simple moving average is $32.84. The stock has a market cap of $2.92 billion, a PE ratio of 24.18 and a beta of 0.80. Capital Group Global Equity ETF has a 1-year low of $28.74 and a 1-year high of $35.40.

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.