Short Interest in Capital Group Growth ETF (NYSEARCA:CGGR) Drops By 37.9%

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 2,718,830 shares, a decline of 37.9% from the July 30th total of 4,375,915 shares. Based on an average daily volume of 2,700,024 shares, the short-interest ratio is currently 1.0 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Capital Group Growth ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in Capital Group Growth ETF by 174.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 319,824 shares of the company’s stock worth $10,954,000 after purchasing an additional 203,151 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Capital Group Growth ETF in the 2nd quarter valued at approximately $211,000. Cerity Partners LLC grew its stake in shares of Capital Group Growth ETF by 176.7% in the 2nd quarter. Cerity Partners LLC now owns 66,761 shares of the company’s stock valued at $2,715,000 after buying an additional 42,631 shares in the last quarter. Sei Investments Co. increased its holdings in Capital Group Growth ETF by 19.5% in the second quarter. Sei Investments Co. now owns 1,163,011 shares of the company’s stock worth $47,277,000 after buying an additional 189,933 shares during the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in Capital Group Growth ETF in the second quarter worth approximately $320,000.

Capital Group Growth ETF Trading Down 1.1%

CGGR stock traded down $0.50 during midday trading on Tuesday, reaching $46.38. The company had a trading volume of 2,001,631 shares, compared to its average volume of 3,162,512. The company has a 50 day moving average of $46.28 and a two-hundred day moving average of $44.77. The company has a market capitalization of $24.96 billion, a P/E ratio of 30.88 and a beta of 1.18. Capital Group Growth ETF has a 1 year low of $38.55 and a 1 year high of $48.02.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.