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

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,153,862 shares, a drop of 46.0% from the June 30th total of 2,137,051 shares. Based on an average daily volume of 2,692,502 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Capital Group Growth ETF Trading Up 1.8%

Shares of Capital Group Growth ETF stock traded up $0.77 during trading on Thursday, hitting $44.56. The stock had a trading volume of 3,055,545 shares, compared to its average volume of 3,253,025. Capital Group Growth ETF has a 12 month low of $38.55 and a 12 month high of $48.02. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. The business’s 50-day moving average is $46.20 and its 200 day moving average is $44.40.

Hedge Funds Weigh In On Capital Group Growth ETF

Institutional investors have recently added to or reduced their stakes in the business. Trademark Financial Management LLC boosted its position in shares of Capital Group Growth ETF by 2.7% during the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock valued at $369,000 after acquiring an additional 242 shares during the last quarter. Gemmer Asset Management LLC raised its stake in Capital Group Growth ETF by 0.5% in the fourth quarter. Gemmer Asset Management LLC now owns 49,552 shares of the company’s stock valued at $2,204,000 after purchasing an additional 248 shares in the last quarter. Sapient Capital LLC lifted its position in Capital Group Growth ETF by 3.9% during the second quarter. Sapient Capital LLC now owns 6,730 shares of the company’s stock valued at $318,000 after purchasing an additional 250 shares during the last quarter. CFS Investment Advisory Services LLC lifted its position in Capital Group Growth ETF by 0.6% during the second quarter. CFS Investment Advisory Services LLC now owns 48,597 shares of the company’s stock valued at $2,261,000 after purchasing an additional 290 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in Capital Group Growth ETF by 5.8% in the 2nd quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after buying an additional 294 shares in the last quarter.

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.