Capital Group Global Equity ETF (NYSEARCA:CGGE) Stock Short Interest Drops 38.6%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 292,229 shares, a drop of 38.6% from the September 15th total of 476,123 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 445,947 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Hedge funds have recently modified their holdings of the company. Bleakley Financial Group LLC increased its holdings in Capital Group Global Equity ETF by 6.2% during the 1st quarter. Bleakley Financial Group LLC now owns 12,079 shares of the company’s stock valued at $368,000 after acquiring an additional 707 shares in the last quarter. Lincoln Capital LLC raised its position in Capital Group Global Equity ETF by 13.4% during the third quarter. Lincoln Capital LLC now owns 7,881 shares of the company’s stock worth $274,000 after acquiring an additional 929 shares during the last quarter. Balboa Wealth Partners lifted its holdings in shares of Capital Group Global Equity ETF by 5.1% in the first quarter. Balboa Wealth Partners now owns 19,586 shares of the company’s stock valued at $597,000 after purchasing an additional 955 shares in the last quarter. R2 Capital Strategies LLC lifted its holdings in shares of Capital Group Global Equity ETF by 1.7% in the third quarter. R2 Capital Strategies LLC now owns 60,653 shares of the company’s stock valued at $2,111,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Financial Council LLC grew its position in shares of Capital Group Global Equity ETF by 15.1% in the first quarter. Financial Council LLC now owns 8,372 shares of the company’s stock valued at $255,000 after purchasing an additional 1,100 shares during the last quarter.

Capital Group Global Equity ETF Stock Performance

NYSEARCA:CGGE traded down $0.34 on Friday, reaching $34.30. The company’s stock had a trading volume of 305,203 shares, compared to its average volume of 660,872. Capital Group Global Equity ETF has a 1-year low of $29.39 and a 1-year high of $36.08. The business’s 50-day moving average price is $35.15 and its two-hundred day moving average price is $34.27. The firm has a market cap of $3.25 billion, a PE ratio of 24.18 and a beta of 0.81.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.