Capital Group Global Equity ETF (NYSEARCA:CGGE) Sees Large Decline in Short Interest

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 157,503 shares, a decline of 46.1% from the September 30th total of 292,229 shares. Based on an average trading volume of 433,387 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Capital Group Global Equity ETF Price Performance

Shares of Capital Group Global Equity ETF stock traded down $0.65 during trading on Friday, hitting $33.92. The company’s stock had a trading volume of 512,178 shares, compared to its average volume of 652,236. The stock has a 50-day moving average price of $34.85 and a two-hundred day moving average price of $33.71. Capital Group Global Equity ETF has a 52 week low of $29.39 and a 52 week high of $36.08. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 24.18 and a beta of 0.81.

Institutional Investors Weigh In On Capital Group Global Equity ETF

Large investors have recently bought and sold shares of the stock. Provenance Wealth Advisors LLC purchased a new stake in Capital Group Global Equity ETF during the third quarter worth about $58,000. Integrity Alliance LLC. bought a new position in shares of Capital Group Global Equity ETF in the third quarter worth $767,000. Signature Equity Partners LLC grew its stake in Capital Group Global Equity ETF by 13,257.5% during the third quarter. Signature Equity Partners LLC now owns 28,318 shares of the company’s stock valued at $986,000 after acquiring an additional 28,106 shares in the last quarter. Landaas & Co. WI ADV increased its holdings in shares of Capital Group Global Equity ETF by 8.6% in the third quarter. Landaas & Co. WI ADV now owns 42,001 shares of the company’s stock worth $1,462,000 after purchasing an additional 3,337 shares during the period. Finally, Security Financial Services INC. increased its stake in Capital Group Global Equity ETF by 4.2% in the 3rd quarter. Security Financial Services INC. now owns 49,983 shares of the company’s stock worth $1,740,000 after acquiring an additional 2,005 shares during the last quarter.

About Capital Group Global Equity ETF

The Capital Group Global Equity ETF (CGGE) is an exchange-traded fund that mostly invests in total market equity. The fund seeks total returns by actively managing a portfolio of companies from around the world. CGGE was launched on Jun 25, 2024 and is issued by Capital Group.