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

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,375,915 shares, a growth of 279.2% from the July 15th total of 1,153,862 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 2,587,117 shares, the short-interest ratio is currently 1.7 days.

Capital Group Growth ETF Stock Down 0.6%

Shares of NYSEARCA:CGGR traded down $0.29 during midday trading on Friday, reaching $47.20. The company’s stock had a trading volume of 2,269,970 shares, compared to its average volume of 3,215,711. The stock has a fifty day moving average of $46.10 and a 200 day moving average of $44.53. Capital Group Growth ETF has a twelve month low of $38.55 and a twelve month high of $48.02. The firm has a market capitalization of $25.40 billion, a PE ratio of 30.88 and a beta of 1.18.

Institutional Investors Weigh In On Capital Group Growth ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Trademark Financial Management LLC lifted its holdings in shares of Capital Group Growth ETF by 2.7% in the 1st quarter. Trademark Financial Management LLC now owns 9,178 shares of the company’s stock valued at $369,000 after buying an additional 242 shares during the period. Sapient Capital LLC grew its holdings 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 worth $318,000 after acquiring an additional 250 shares during the period. CFS Investment Advisory Services LLC grew its holdings 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 worth $2,261,000 after acquiring an additional 290 shares during the period. CoreCap Advisors LLC grew its holdings in Capital Group Growth ETF by 5.8% during the second quarter. CoreCap Advisors LLC now owns 5,397 shares of the company’s stock worth $255,000 after acquiring an additional 294 shares during the period. Finally, KMG Fiduciary Partners LLC raised its position in Capital Group Growth ETF by 1.7% during the second quarter. KMG Fiduciary Partners LLC now owns 17,868 shares of the company’s stock valued at $843,000 after acquiring an additional 298 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.