Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Short Interest Update

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 418,592 shares, an increase of 168.5% from the February 26th total of 155,901 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 836,880 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Capital Group New Geography Equity ETF

A number of institutional investors have recently added to or reduced their stakes in CGNG. Valmark Advisers Inc. bought a new stake in shares of Capital Group New Geography Equity ETF in the 3rd quarter valued at about $663,000. Cornell Pochily Investment Advisors Inc. raised its stake in shares of Capital Group New Geography Equity ETF by 117.6% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 41,891 shares of the company’s stock worth $1,294,000 after acquiring an additional 22,639 shares in the last quarter. Orion Porfolio Solutions LLC raised its stake in shares of Capital Group New Geography Equity ETF by 106.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 58,584 shares of the company’s stock worth $1,688,000 after acquiring an additional 30,265 shares in the last quarter. Armstrong Fleming & Moore Inc lifted its position in Capital Group New Geography Equity ETF by 443.9% during the third quarter. Armstrong Fleming & Moore Inc now owns 83,511 shares of the company’s stock valued at $2,580,000 after acquiring an additional 68,156 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Capital Group New Geography Equity ETF during the fourth quarter valued at approximately $1,008,000.

Capital Group New Geography Equity ETF Price Performance

NYSEARCA CGNG traded down $1.07 during midday trading on Thursday, hitting $30.86. 540,852 shares of the company traded hands, compared to its average volume of 647,920. Capital Group New Geography Equity ETF has a 52 week low of $22.22 and a 52 week high of $35.12. The company’s 50-day simple moving average is $33.37 and its 200-day simple moving average is $32.20. The company has a market cap of $1.43 billion, a PE ratio of 19.57 and a beta of 0.55.

About Capital Group New Geography Equity ETF

The Capital Group New Geography Equity ETF (CGNG) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, seeking long-term capital appreciation through investment in companies from the emerging markets, may include frontier markets securities. CGNG was launched on Jun 25, 2024 and is issued by Capital Group.