Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Short Interest Down 43.8% in August

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 759,721 shares, a decrease of 43.8% from the July 30th total of 1,352,732 shares. Based on an average daily volume of 1,063,705 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC grew its holdings in shares of Capital Group Global Growth Equity ETF by 2,846.3% in the fourth 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 raised its holdings in 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 boosted its position in Capital Group Global Growth Equity ETF by 32.5% during 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 during the period. Morgan Stanley boosted its position in Capital Group Global Growth Equity ETF by 15.3% during the 4th quarter. Morgan Stanley now owns 9,961,008 shares of the company’s stock valued at $345,149,000 after buying an additional 1,321,604 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in Capital Group Global Growth Equity ETF by 9.3% in the 4th quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock worth $454,965,000 after acquiring an additional 1,121,445 shares during the last quarter.

Capital Group Global Growth Equity ETF Stock Performance

Shares of CGGO stock traded down $0.25 on Monday, hitting $40.17. 942,286 shares of the company’s stock traded hands, compared to its average volume of 1,307,839. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 22.37 and a beta of 1.02. The company’s fifty day simple moving average is $40.50 and its 200 day simple moving average is $38.42. Capital Group Global Growth Equity ETF has a one year low of $31.94 and a one year 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.