Capital Group Growth ETF (NYSEARCA:CGGR) Sees Large Growth in Short Interest

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 1,794,143 shares, a growth of 83.7% from the May 14th total of 976,746 shares. Based on an average daily trading volume, of 2,572,402 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. New Millennium Group LLC purchased a new stake in Capital Group Growth ETF during the 3rd quarter valued at about $25,000. Triumph Capital Management purchased a new stake in shares of Capital Group Growth ETF in the third quarter valued at approximately $29,000. Fifth Third Bancorp grew its position in shares of Capital Group Growth ETF by 285.9% in the third quarter. Fifth Third Bancorp now owns 683 shares of the company’s stock valued at $30,000 after purchasing an additional 506 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its holdings in shares of Capital Group Growth ETF by 88.7% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,064 shares of the company’s stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. Finally, Provenance Wealth Advisors LLC purchased a new position in Capital Group Growth ETF during the third quarter worth approximately $60,000.

Capital Group Growth ETF Stock Down 0.9%

Shares of NYSEARCA CGGR traded down $0.43 during trading on Tuesday, hitting $46.66. The company had a trading volume of 2,671,735 shares, compared to its average volume of 3,405,253. The firm has a market capitalization of $23.19 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The stock has a fifty day simple moving average of $45.10 and a two-hundred day simple moving average of $44.07. Capital Group Growth ETF has a fifty-two week low of $38.49 and a fifty-two week high of $48.02.

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.