Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) Shares Shorted: Short Interest Up 94.2% in October

Capital Group Global Growth Equity ETF (NYSEARCA:CGGO) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,662,828 shares, a growth of 94.2% from the September 30th total of 856,346 shares. Based on an average trading volume of 1,084,641 shares, the short-interest ratio is presently 1.5 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Capital Group Global Growth Equity ETF

A number of large investors have recently bought and sold shares of the company. Trinity Wealth Management LLC lifted its position in shares of Capital Group Global Growth Equity ETF by 3.6% during the 2nd quarter. Trinity Wealth Management LLC now owns 9,360 shares of the company’s stock valued at $396,000 after buying an additional 328 shares during the last quarter. Choreo LLC grew its stake in shares of Capital Group Global Growth Equity ETF by 2.0% during the 3rd quarter. Choreo LLC now owns 17,594 shares of the company’s stock worth $700,000 after acquiring an additional 353 shares during the period. Richardson Capital Management LLC increased its holdings in Capital Group Global Growth Equity ETF by 12.8% in the 3rd quarter. Richardson Capital Management LLC now owns 3,147 shares of the company’s stock worth $125,000 after acquiring an additional 357 shares during the last quarter. CoreCap Advisors LLC increased its holdings in Capital Group Global Growth Equity ETF by 30.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,711 shares of the company’s stock worth $72,000 after acquiring an additional 396 shares during the last quarter. Finally, Capital & Planning LLC raised its stake in Capital Group Global Growth Equity ETF by 1.6% in the 2nd quarter. Capital & Planning LLC now owns 27,035 shares of the company’s stock valued at $1,144,000 after acquiring an additional 421 shares during the period.

Capital Group Global Growth Equity ETF Stock Down 2.4%

Shares of CGGO stock opened at $37.47 on Friday. The company has a 50 day moving average of $39.46 and a 200-day moving average of $38.41. Capital Group Global Growth Equity ETF has a 12-month low of $31.94 and a 12-month high of $42.88. The firm has a market cap of $11.60 billion, a P/E ratio of 22.37 and a beta of 1.02.

About Capital Group Global Growth Equity ETF

The Capital Group Global Growth Equity ETF (CGGO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in US and non-US companies of any market capitalization with growth potential. CGGO was launched on Feb 22, 2022 and is managed by Capital Group.