Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Update

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,322,596 shares, an increase of 300.8% from the December 15th total of 329,962 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,313,909 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 2,313,909 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. grew its stake in shares of Capital Group Growth ETF by 806.5% in the third quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Capital Group Growth ETF in the 3rd quarter valued at $25,000. New Millennium Group LLC acquired a new stake in Capital Group Growth ETF in the 3rd quarter worth $25,000. Triumph Capital Management bought a new position in shares of Capital Group Growth ETF during the 3rd quarter worth about $29,000. Finally, Fifth Third Bancorp increased its holdings in shares of Capital Group Growth ETF by 285.9% during the 3rd quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock worth $30,000 after purchasing an additional 506 shares during the period.

Capital Group Growth ETF Trading Down 0.1%

Shares of NYSEARCA:CGGR opened at $45.46 on Tuesday. Capital Group Growth ETF has a twelve month low of $29.23 and a twelve month high of $45.83. The company has a 50 day moving average of $44.18 and a 200-day moving average of $43.26. The firm has a market cap of $19.61 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a dividend of $0.0424 per share. The ex-dividend date was Friday, December 26th. This represents a yield of 19.0%.

About Capital Group Growth ETF

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.