Capital Group New Geography Equity ETF (NYSEARCA:CGNG – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 341,786 shares, a decline of 60.5% from the July 30th total of 865,261 shares. Based on an average daily volume of 479,205 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are short sold.
Institutional Trading of Capital Group New Geography Equity ETF
Institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC bought a new position in Capital Group New Geography Equity ETF during the second quarter valued at approximately $827,000. Kintra Wealth LLC purchased a new stake in Capital Group New Geography Equity ETF during the 2nd quarter valued at $651,000. HB Wealth Management LLC purchased a new stake in Capital Group New Geography Equity ETF during the 2nd quarter valued at $1,055,000. Hopwood Nicholas Hunter bought a new position in shares of Capital Group New Geography Equity ETF during the 2nd quarter valued at $1,173,000. Finally, NWF Advisory Services Inc. purchased a new position in shares of Capital Group New Geography Equity ETF in the 2nd quarter worth $229,000.
Capital Group New Geography Equity ETF Stock Performance
Shares of NYSEARCA:CGNG traded down $0.32 during midday trading on Friday, reaching $36.78. 247,371 shares of the company’s stock traded hands, compared to its average volume of 643,375. Capital Group New Geography Equity ETF has a one year low of $29.02 and a one year high of $38.25. The company has a market cap of $2.80 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. The stock has a 50 day moving average of $36.35 and a 200 day moving average of $35.06.
Capital Group New Geography Equity ETF Company Profile
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.
Further Reading
- Five stocks we like better than Capital Group New Geography Equity ETF
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for Capital Group New Geography Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group New Geography Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
