Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Up 83.6% in March

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,149,632 shares, an increase of 83.6% from the February 26th total of 1,715,437 shares. Based on an average daily volume of 4,980,650 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the stock are short sold.

Capital Group Growth ETF Trading Down 2.2%

CGGR traded down $0.87 on Friday, hitting $39.02. 4,721,546 shares of the company’s stock were exchanged, compared to its average volume of 4,068,765. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83. The firm has a 50-day moving average price of $42.92 and a 200-day moving average price of $43.78. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17.

Hedge Funds Weigh In On Capital Group Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its stake in Capital Group Growth ETF by 17.7% during the fourth quarter. LPL Financial LLC now owns 45,411,053 shares of the company’s stock worth $2,019,429,000 after acquiring an additional 6,814,693 shares during the last quarter. Morgan Stanley lifted its stake in shares of Capital Group Growth ETF by 94.6% in the 4th quarter. Morgan Stanley now owns 26,878,644 shares of the company’s stock valued at $1,195,293,000 after purchasing an additional 13,065,920 shares during the last quarter. Capital Group Private Client Services Inc. lifted its stake in shares of Capital Group Growth ETF by 2.5% in the 4th quarter. Capital Group Private Client Services Inc. now owns 24,026,194 shares of the company’s stock valued at $1,068,445,000 after purchasing an additional 585,780 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Capital Group Growth ETF by 3.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 13,193,475 shares of the company’s stock worth $586,714,000 after purchasing an additional 485,654 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of Capital Group Growth ETF by 11.5% during the 3rd quarter. Bank of America Corp DE now owns 12,800,968 shares of the company’s stock worth $562,219,000 after purchasing an additional 1,322,744 shares during the period.

Capital Group Growth ETF Company Profile

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.