Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Down 68.8% in June

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 110,935 shares, a decrease of 68.8% from the June 15th total of 355,907 shares. Based on an average daily trading volume, of 1,450,149 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its position in Capital Group Global Growth Equity ETF by 2,846.3% in the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock worth $700,335,000 after purchasing an additional 19,525,691 shares during the last quarter. LPL Financial LLC lifted its holdings 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 valued at $522,134,000 after buying an additional 1,958,085 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Capital Group Global Growth Equity ETF by 32.5% in the 4th quarter. Wells Fargo & Company MN now owns 5,847,836 shares of the company’s stock valued at $202,628,000 after buying an additional 1,433,295 shares in the last quarter. Morgan Stanley increased its holdings in Capital Group Global Growth Equity ETF by 15.3% in the fourth quarter. Morgan Stanley now owns 9,961,008 shares of the company’s stock worth $345,149,000 after buying an additional 1,321,604 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after buying an additional 1,121,445 shares during the last quarter.

Capital Group Global Growth Equity ETF Trading Down 1.8%

Shares of CGGO traded down $0.72 during midday trading on Monday, hitting $40.28. The stock had a trading volume of 263,319 shares, compared to its average volume of 1,326,596. The business has a 50-day simple moving average of $40.44 and a two-hundred day simple moving average of $37.36. The firm has a market cap of $11.45 billion, a P/E ratio of 22.37 and a beta of 1.01. Capital Group Global Growth Equity ETF has a fifty-two week low of $31.67 and a fifty-two week high of $42.88.

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.