Capital Group Global Equity ETF (NYSEARCA:CGGE) Shares Shorted: Short Interest Down 46.1% in October

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 157,503 shares, a drop of 46.1% from the September 30th total of 292,229 shares. Based on an average trading volume of 433,387 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Capital Group Global Equity ETF Stock Performance

Capital Group Global Equity ETF stock traded down $0.65 during midday trading on Friday, reaching $33.92. 512,178 shares of the company’s stock were exchanged, compared to its average volume of 652,236. The stock’s 50-day simple moving average is $34.85 and its 200 day simple moving average is $33.71. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81. Capital Group Global Equity ETF has a 52 week low of $29.39 and a 52 week high of $36.08.

Institutional Trading of Capital Group Global Equity ETF

Hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Capital Group Global Equity ETF by 9.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 341,123 shares of the company’s stock worth $12,021,000 after acquiring an additional 29,898 shares during the last quarter. Hopwood Nicholas Hunter bought a new stake in Capital Group Global Equity ETF in the 2nd quarter valued at $4,683,000. Capital Analysts LLC lifted its holdings in Capital Group Global Equity ETF by 86.6% during the 2nd quarter. Capital Analysts LLC now owns 89,985 shares of the company’s stock valued at $3,171,000 after purchasing an additional 41,758 shares during the last quarter. World Investment Advisors acquired a new stake in Capital Group Global Equity ETF during the 1st quarter valued at $1,588,000. Finally, Private Advisor Group LLC lifted its holdings in Capital Group Global Equity ETF by 38.1% during the 1st quarter. Private Advisor Group LLC now owns 179,592 shares of the company’s stock valued at $5,478,000 after purchasing an additional 49,514 shares during the last quarter.

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.