Capital Group New Geography Equity ETF (NYSEARCA:CGNG) Stock Short Interest Declines 43.5%

Capital Group New Geography Equity ETF (NYSEARCA:CGNG) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 468,542 shares, a decrease of 43.5% from the August 31st total of 829,307 shares. Based on an average trading volume of 525,334 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are sold short.

Capital Group New Geography Equity ETF Price Performance

CGNG traded up $0.45 during trading on Friday, reaching $36.86. 40,186 shares of the stock traded hands, compared to its average volume of 628,053. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 19.57 and a beta of 0.84. Capital Group New Geography Equity ETF has a fifty-two week low of $30.13 and a fifty-two week high of $38.25. The stock’s 50-day simple moving average is $36.54 and its two-hundred day simple moving average is $35.58.

Institutional Trading of Capital Group New Geography Equity ETF

A number of institutional investors have recently added to or reduced their stakes in CGNG. LPL Financial LLC boosted its stake in Capital Group New Geography Equity ETF by 48.1% during the 4th quarter. LPL Financial LLC now owns 4,532,999 shares of the company’s stock valued at $144,739,000 after purchasing an additional 1,472,258 shares during the period. Capital Group Private Client Services Inc. grew its position in Capital Group New Geography Equity ETF by 9.1% during the fourth quarter. Capital Group Private Client Services Inc. now owns 2,651,446 shares of the company’s stock worth $84,661,000 after buying an additional 220,620 shares in the last quarter. Cetera Investment Advisers increased its stake in Capital Group New Geography Equity ETF by 13.3% during the first quarter. Cetera Investment Advisers now owns 2,400,095 shares of the company’s stock valued at $75,771,000 after acquiring an additional 282,054 shares during the period. Bank of America Corp DE increased its stake in Capital Group New Geography Equity ETF by 131.4% during the first quarter. Bank of America Corp DE now owns 1,302,791 shares of the company’s stock valued at $41,129,000 after acquiring an additional 739,844 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Capital Group New Geography Equity ETF by 10.6% in the 2nd quarter. NewEdge Advisors LLC now owns 795,666 shares of the company’s stock valued at $29,806,000 after acquiring an additional 76,473 shares in the last quarter.

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.