Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Significant Decline in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 110,935 shares, a decline of 68.8% from the June 15th total of 355,907 shares. Based on an average daily trading volume, of 1,450,149 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Capital Group Global Growth Equity ETF

Several large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its stake in shares of Capital Group Global Growth Equity ETF by 2,846.3% during the 4th quarter. Corient Private Wealth LLC now owns 20,211,701 shares of the company’s stock valued at $700,335,000 after buying an additional 19,525,691 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Capital Group Global Growth Equity ETF by 14.9% in the 4th quarter. LPL Financial LLC now owns 15,068,808 shares of the company’s stock worth $522,134,000 after acquiring an additional 1,958,085 shares during the period. Wells Fargo & Company MN raised its stake 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 acquiring an additional 1,433,295 shares in the last quarter. Morgan Stanley raised its position in shares of 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 worth $345,149,000 after buying an additional 1,321,604 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Capital Group Global Growth Equity ETF by 9.3% in the fourth quarter. Raymond James Financial Inc. now owns 13,130,315 shares of the company’s stock valued at $454,965,000 after buying an additional 1,121,445 shares during the period.

Capital Group Global Growth Equity ETF Stock Down 0.3%

Shares of Capital Group Global Growth Equity ETF stock traded down $0.12 during trading hours on Friday, hitting $41.00. The company’s stock had a trading volume of 897,000 shares, compared to its average volume of 1,335,330. Capital Group Global Growth Equity ETF has a 1-year low of $31.67 and a 1-year high of $42.88. The business has a fifty day moving average of $40.44 and a 200 day moving average of $37.35. The company has a market capitalization of $11.66 billion, a PE ratio of 22.37 and a beta of 1.01.

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.