Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Sees Large Increase in Short Interest

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 549,581 shares, a growth of 395.4% from the June 30th total of 110,935 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,163,622 shares, the days-to-cover ratio is currently 0.5 days.

Capital Group Global Growth Equity ETF Stock Performance

Capital Group Global Growth Equity ETF stock traded up $0.40 during midday trading on Monday, reaching $39.49. The stock had a trading volume of 90,897 shares, compared to its average volume of 1,327,229. The stock’s 50-day simple moving average is $40.56 and its 200 day simple moving average is $37.69. Capital Group Global Growth Equity ETF has a twelve month low of $31.67 and a twelve month high of $42.88. The stock has a market capitalization of $11.39 billion, a PE ratio of 22.37 and a beta of 1.01.

Hedge Funds Weigh In On Capital Group Global Growth Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of CGGO. LVW Advisors LLC lifted its holdings in shares of Capital Group Global Growth Equity ETF by 3.8% during the 4th quarter. LVW Advisors LLC now owns 1,067,741 shares of the company’s stock valued at $36,997,000 after acquiring an additional 39,276 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in Capital Group Global Growth Equity ETF by 7.9% in the 4th quarter. Bleakley Financial Group LLC now owns 497,148 shares of the company’s stock valued at $17,226,000 after purchasing an additional 36,497 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Capital Group Global Growth Equity ETF by 459.1% during the fourth quarter. Farther Finance Advisors LLC now owns 465,464 shares of the company’s stock worth $16,128,000 after purchasing an additional 382,208 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of Capital Group Global Growth Equity ETF in the fourth quarter worth about $23,656,000. Finally, Clarity Wealth Advisors LLC boosted its position in shares of Capital Group Global Growth Equity ETF by 5.6% in the fourth quarter. Clarity Wealth Advisors LLC now owns 317,991 shares of the company’s stock worth $11,018,000 after buying an additional 16,730 shares during the period.

About Capital Group Global Growth Equity ETF

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.