Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Up 55.3% in December

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 40,806 shares, an increase of 55.3% from the November 30th total of 26,268 shares. Based on an average daily volume of 487,824 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 487,824 shares, the days-to-cover ratio is presently 0.1 days.

Capital Group Global Equity ETF Stock Down 0.3%

Capital Group Global Equity ETF stock opened at $31.91 on Monday. Capital Group Global Equity ETF has a 52-week low of $22.76 and a 52-week high of $32.02. The firm’s fifty day moving average is $31.30 and its 200 day moving average is $30.33. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 24.18 and a beta of 0.72.

Capital Group Global Equity ETF Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Monday, December 29th. Stockholders of record on Friday, December 26th will be given a dividend of $0.1276 per share. This represents a dividend yield of 40.0%. The ex-dividend date is Friday, December 26th.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Capital Group Global Equity ETF in the 1st quarter valued at approximately $8,485,000. OLD Mission Capital LLC purchased a new stake in Capital Group Global Equity ETF during the 1st quarter valued at $517,000. Royal Bank of Canada raised its holdings in Capital Group Global Equity ETF by 22.1% during the 1st quarter. Royal Bank of Canada now owns 437,918 shares of the company’s stock valued at $11,324,000 after buying an additional 79,129 shares during the period. Jones Financial Companies Lllp bought a new stake in Capital Group Global Equity ETF in the first quarter worth $1,759,000. Finally, Jane Street Group LLC boosted its stake in Capital Group Global Equity ETF by 760.2% during the first quarter. Jane Street Group LLC now owns 114,653 shares of the company’s stock worth $2,965,000 after buying an additional 101,325 shares during the period.

Capital Group Global Equity ETF Company Profile

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.