Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Decreases By 93.5%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 4,912 shares, a decrease of 93.5% from the May 14th total of 75,114 shares. Based on an average trading volume of 780,886 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Capital Group Global Equity ETF Stock Performance

Shares of CGGE stock remained flat at $33.80 during mid-day trading on Tuesday. 858,897 shares of the stock traded hands, compared to its average volume of 788,321. The company has a market capitalization of $2.56 billion, a P/E ratio of 24.18 and a beta of 0.82. Capital Group Global Equity ETF has a twelve month low of $27.85 and a twelve month high of $34.76. The stock’s 50-day moving average price is $33.06 and its two-hundred day moving average price is $32.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its stake in Capital Group Global Equity ETF by 14.5% in the 1st quarter. NewEdge Advisors LLC now owns 854,249 shares of the company’s stock worth $26,055,000 after purchasing an additional 108,330 shares in the last quarter. Security Financial Services INC. lifted its stake in Capital Group Global Equity ETF by 19.6% in the 1st quarter. Security Financial Services INC. now owns 55,949 shares of the company’s stock worth $1,706,000 after purchasing an additional 9,163 shares in the last quarter. J. Derek Lewis & Associates Inc. lifted its stake in Capital Group Global Equity ETF by 23.8% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 30,340 shares of the company’s stock worth $925,000 after purchasing an additional 5,836 shares in the last quarter. Western Wealth Management LLC purchased a new position in Capital Group Global Equity ETF in the 1st quarter worth approximately $73,000. Finally, Royal Bank of Canada lifted its stake in Capital Group Global Equity ETF by 8.6% in the 1st quarter. Royal Bank of Canada now owns 1,198,245 shares of the company’s stock worth $36,546,000 after purchasing an additional 94,789 shares in the last quarter.

Capital Group Global Equity ETF Company Profile

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.