Capital Group Global Equity ETF (NYSEARCA:CGGE – Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 310,145 shares, a growth of 96.9% from the October 15th total of 157,503 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 460,477 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Trading of Capital Group Global Equity ETF
Several institutional investors have recently added to or reduced their stakes in the company. NFSG Corp purchased a new stake in shares of Capital Group Global Equity ETF in the third quarter worth approximately $40,000. Provenance Wealth Advisors LLC bought a new position in Capital Group Global Equity ETF in the 3rd quarter valued at $58,000. Jacobi Capital Management LLC purchased a new stake in Capital Group Global Equity ETF in the third quarter worth $67,000. Western Wealth Management LLC purchased a new stake in Capital Group Global Equity ETF in the first quarter worth $73,000. Finally, Perennial Investment Advisors LLC bought a new stake in shares of Capital Group Global Equity ETF during the third quarter worth $203,000.
Capital Group Global Equity ETF Trading Down 0.3%
Shares of CGGE stock traded down $0.10 during trading hours on Friday, reaching $34.14. 363,458 shares of the stock were exchanged, compared to its average volume of 646,633. Capital Group Global Equity ETF has a 12-month low of $29.39 and a 12-month high of $36.08. The company’s 50-day moving average price is $34.59 and its 200-day moving average price is $33.78. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 24.18 and a beta of 0.82.
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.
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