Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 476,123 shares, a decline of 35.7% from the August 31st total of 740,295 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 431,171 shares, the short-interest ratio is presently 1.1 days.

Capital Group Global Equity ETF Trading Down 0.7%

Shares of NYSEARCA CGGE opened at $34.81 on Thursday. The firm has a fifty day simple moving average of $35.11 and a two-hundred day simple moving average of $33.94. Capital Group Global Equity ETF has a 12 month low of $29.39 and a 12 month high of $36.08. The firm has a market capitalization of $3.19 billion, a PE ratio of 24.18 and a beta of 0.80.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Several hedge funds have recently made changes to their positions in the company. Capital International Investors lifted its position in Capital Group Global Equity ETF by 15,343.0% during the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock valued at $120,255,000 after buying an additional 3,777,296 shares during the period. Capital Group Private Client Services Inc. grew its position in shares of Capital Group Global Equity ETF by 20.8% in the 4th quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock worth $171,217,000 after buying an additional 932,109 shares during the period. Cetera Investment Advisers increased its stake in shares of Capital Group Global Equity ETF by 16.3% in the 1st quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock worth $100,198,000 after acquiring an additional 459,321 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Capital Group Global Equity ETF by 47.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,156,513 shares of the company’s stock valued at $35,274,000 after acquiring an additional 371,939 shares during the period. Finally, Compton Financial Group LLC lifted its position in Capital Group Global Equity ETF by 2,245.1% during the 1st quarter. Compton Financial Group LLC now owns 363,042 shares of the company’s stock valued at $11,073,000 after acquiring an additional 347,561 shares during the period.

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.