Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Down 60.5% in August

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 341,786 shares, a drop of 60.5% from the July 30th total of 865,261 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 479,205 shares, the days-to-cover ratio is currently 0.7 days.

Capital Group New Geography Equity ETF Price Performance

Shares of CGNG stock traded down $0.32 during mid-day trading on Friday, hitting $36.78. The company had a trading volume of 247,371 shares, compared to its average volume of 643,375. The stock’s 50 day moving average price is $36.35 and its 200-day moving average price is $35.06. Capital Group New Geography Equity ETF has a 52-week low of $29.02 and a 52-week high of $38.25. The company has a market capitalization of $2.80 billion, a P/E ratio of 19.57 and a beta of 0.84.

Institutional Trading of Capital Group New Geography Equity ETF

Several hedge funds have recently bought and sold shares of the stock. Sovran Advisors LLC boosted its holdings in shares of Capital Group New Geography Equity ETF by 2.2% during the 1st quarter. Sovran Advisors LLC now owns 15,189 shares of the company’s stock valued at $529,000 after purchasing an additional 330 shares during the last quarter. Mariner LLC lifted its position in shares of Capital Group New Geography Equity ETF by 2.4% in the third quarter. Mariner LLC now owns 15,896 shares of the company’s stock worth $491,000 after buying an additional 376 shares in the last quarter. Florida Financial Advisors LLC lifted its position in shares of Capital Group New Geography Equity ETF by 5.8% in the fourth quarter. Florida Financial Advisors LLC now owns 7,951 shares of the company’s stock worth $254,000 after buying an additional 438 shares in the last quarter. Merited Wealth LLC boosted its stake in Capital Group New Geography Equity ETF by 1.5% during the first quarter. Merited Wealth LLC now owns 32,260 shares of the company’s stock valued at $1,018,000 after buying an additional 484 shares during the last quarter. Finally, Beckerman Institutional LLC grew its holdings in Capital Group New Geography Equity ETF by 3.9% during the 4th quarter. Beckerman Institutional LLC now owns 13,158 shares of the company’s stock valued at $420,000 after buying an additional 494 shares in the last quarter.

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.