Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Stock Short Interest Falls 93.7%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 42,259 shares, a drop of 93.7% from the October 15th total of 667,441 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 690,266 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Capital Group New Geography Equity ETF

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in Capital Group New Geography Equity ETF in the third quarter worth $29,000. Provenance Wealth Advisors LLC purchased a new stake in shares of Capital Group New Geography Equity ETF during the third quarter valued at $32,000. James T. Borello RIA bought a new position in shares of Capital Group New Geography Equity ETF in the third quarter worth about $36,000. IFP Advisors Inc increased its stake in Capital Group New Geography Equity ETF by 102.1% in the 2nd quarter. IFP Advisors Inc now owns 1,512 shares of the company’s stock worth $57,000 after buying an additional 764 shares during the period. Finally, Silver Grove Financial Group Inc. increased its stake in Capital Group New Geography Equity ETF by 95.8% in the 3rd quarter. Silver Grove Financial Group Inc. now owns 1,566 shares of the company’s stock worth $57,000 after buying an additional 766 shares during the period.

Capital Group New Geography Equity ETF Price Performance

Shares of NYSEARCA:CGNG traded down $0.20 during trading hours on Tuesday, hitting $33.32. 688,035 shares of the company’s stock traded hands, compared to its average volume of 634,693. Capital Group New Geography Equity ETF has a 1 year low of $30.13 and a 1 year high of $38.25. The business has a fifty day moving average price of $35.68 and a 200-day moving average price of $35.14. The firm has a market capitalization of $3.01 billion, a P/E ratio of 19.57 and a beta of 0.90.

About Capital Group New Geography Equity ETF

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.