Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Sees Large Growth in Short Interest

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 829,307 shares, an increase of 142.6% from the August 15th total of 341,786 shares. Based on an average daily trading volume, of 558,720 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.1% of the company’s shares are short sold.

Capital Group New Geography Equity ETF Trading Up 0.9%

NYSEARCA CGNG traded up $0.33 on Friday, hitting $36.98. 476,574 shares of the company were exchanged, compared to its average volume of 638,999. The company has a market cap of $2.81 billion, a PE ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a 12 month low of $30.13 and a 12 month high of $38.25. The stock has a fifty day moving average of $36.36 and a 200-day moving average of $35.25.

Institutional Trading of Capital Group New Geography Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Analysts LLC increased its position in shares of Capital Group New Geography Equity ETF by 17.6% during the second quarter. Capital Analysts LLC now owns 519,389 shares of the company’s stock worth $19,456,000 after acquiring an additional 77,730 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Capital Group New Geography Equity ETF by 24.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 89,363 shares of the company’s stock worth $3,348,000 after purchasing an additional 17,342 shares during the period. RFG Advisory LLC raised its position in Capital Group New Geography Equity ETF by 232.3% in the second quarter. RFG Advisory LLC now owns 63,039 shares of the company’s stock worth $2,361,000 after acquiring an additional 44,069 shares during the period. NewEdge Advisors LLC lifted its stake in Capital Group New Geography Equity ETF by 10.6% in the second quarter. NewEdge Advisors LLC now owns 795,666 shares of the company’s stock valued at $29,806,000 after purchasing an additional 76,473 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Capital Group New Geography Equity ETF by 102.1% during the 2nd quarter. IFP Advisors Inc now owns 1,512 shares of the company’s stock valued at $57,000 after buying an additional 764 shares during the last quarter.

Capital Group New Geography Equity ETF Company Profile

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.