Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Up 211.7% in July

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 865,261 shares, an increase of 211.7% from the July 15th total of 277,609 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 800,492 shares, the days-to-cover ratio is currently 1.1 days.

Capital Group New Geography Equity ETF Trading Down 0.1%

CGNG stock traded down $0.05 during mid-day trading on Friday, hitting $36.86. 422,949 shares of the company were exchanged, compared to its average volume of 651,338. Capital Group New Geography Equity ETF has a 1-year low of $29.01 and a 1-year high of $38.25. The stock has a market capitalization of $2.81 billion, a PE ratio of 19.57 and a beta of 0.84. The business has a 50 day simple moving average of $36.29 and a 200-day simple moving average of $34.87.

Institutional Trading of Capital Group New Geography Equity ETF

Several hedge funds have recently added to or reduced their stakes in CGNG. Flagship Harbor Advisors LLC acquired a new position in Capital Group New Geography Equity ETF in the 4th quarter valued at $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Capital Group New Geography Equity ETF by 4,589.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,251 shares of the company’s stock worth $72,000 after buying an additional 2,203 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Capital Group New Geography Equity ETF by 68.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 3,709 shares of the company’s stock valued at $118,000 after acquiring an additional 1,513 shares during the period. Comerica Bank boosted its position in shares of Capital Group New Geography Equity ETF by 17.8% in the third quarter. Comerica Bank now owns 3,836 shares of the company’s stock valued at $119,000 after acquiring an additional 579 shares during the period. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Capital Group New Geography Equity ETF in the fourth quarter valued at about $125,000.

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.