Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Up 146.1% in July

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 1,352,732 shares, a growth of 146.1% from the July 15th total of 549,581 shares. Based on an average daily volume of 1,481,789 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Capital Group Global Growth Equity ETF

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new stake in Capital Group Global Growth Equity ETF during the fourth quarter worth approximately $243,000. Goldman Sachs Group Inc. raised its holdings in Capital Group Global Growth Equity ETF by 84.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 79,640 shares of the company’s stock valued at $2,256,000 after acquiring an additional 36,578 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Capital Group Global Growth Equity ETF by 1,057.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 211,635 shares of the company’s stock valued at $6,766,000 after acquiring an additional 193,351 shares during the period. Marshall Wace LLP bought a new stake in shares of Capital Group Global Growth Equity ETF during the 2nd quarter valued at $1,802,000. Finally, Cerity Partners LLC lifted its position in shares of Capital Group Global Growth Equity ETF by 3.3% during the 2nd quarter. Cerity Partners LLC now owns 31,002 shares of the company’s stock valued at $992,000 after acquiring an additional 993 shares during the period.

Capital Group Global Growth Equity ETF Trading Down 0.0%

NYSEARCA CGGO traded down $0.01 during trading on Friday, reaching $41.28. The company’s stock had a trading volume of 960,461 shares, compared to its average volume of 1,324,780. The firm has a 50 day moving average price of $40.51 and a 200 day moving average price of $38.08. Capital Group Global Growth Equity ETF has a 12 month low of $31.94 and a 12 month high of $42.88. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02.

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.