Short Interest in Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Expands By 346.5%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 270,982 shares, a growth of 346.5% from the June 15th total of 60,685 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 555,128 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Capital Group New Geography Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CGNG. William Mack & Associates Inc. increased its stake in shares of Capital Group New Geography Equity ETF by 114.5% in the 2nd quarter. William Mack & Associates Inc. now owns 16,907 shares of the company’s stock valued at $633,000 after buying an additional 9,025 shares during the period. A&I Financial Services LLC lifted its stake in Capital Group New Geography Equity ETF by 26.3% in the second quarter. A&I Financial Services LLC now owns 47,968 shares of the company’s stock valued at $1,797,000 after buying an additional 9,979 shares during the period. First Heartland Consultants Inc. lifted its stake in Capital Group New Geography Equity ETF by 7.3% in the second quarter. First Heartland Consultants Inc. now owns 15,821 shares of the company’s stock valued at $593,000 after buying an additional 1,082 shares during the period. DMKC Advisory Services LLC bought a new position in Capital Group New Geography Equity ETF during the second quarter worth about $4,125,000. Finally, Inspirion Wealth Advisors LLC bought a new position in Capital Group New Geography Equity ETF during the second quarter worth about $511,000.

Capital Group New Geography Equity ETF Trading Up 1.4%

NYSEARCA CGNG opened at $36.17 on Tuesday. The company has a 50 day moving average of $36.39 and a 200-day moving average of $34.36. Capital Group New Geography Equity ETF has a 1-year low of $28.20 and a 1-year high of $38.25. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 19.57 and a beta of 0.81.

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.