Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Update

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 199,382 shares, an increase of 202.7% from the January 15th total of 65,862 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 859,333 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 859,333 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are sold short.

Hedge Funds Weigh In On Capital Group Global Equity ETF

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Global Equity ETF by 169.0% in the third quarter. Envestnet Asset Management Inc. now owns 10,468,946 shares of the company’s stock valued at $322,339,000 after buying an additional 6,577,466 shares in the last quarter. Capital International Investors lifted its position in shares of Capital Group Global Equity ETF by 15,343.0% during the fourth quarter. Capital International Investors now owns 3,801,915 shares of the company’s stock worth $120,255,000 after purchasing an additional 3,777,296 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Capital Group Global Equity ETF by 356.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock valued at $73,836,000 after purchasing an additional 1,822,747 shares in the last quarter. Capital Group Private Client Services Inc. raised its position in Capital Group Global Equity ETF by 62.4% in the 3rd quarter. Capital Group Private Client Services Inc. now owns 4,480,995 shares of the company’s stock worth $137,970,000 after purchasing an additional 1,722,096 shares during the last quarter. Finally, Clarius Group LLC acquired a new position in Capital Group Global Equity ETF during the 4th quarter worth $34,894,000.

Capital Group Global Equity ETF Stock Up 0.3%

NYSEARCA CGGE opened at $32.43 on Friday. The company has a 50 day moving average price of $32.17 and a two-hundred day moving average price of $31.14. Capital Group Global Equity ETF has a 12-month low of $22.76 and a 12-month high of $32.94. The stock has a market capitalization of $1.97 billion, a PE ratio of 24.18 and a beta of 0.72.

Capital Group Global Equity ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, December 29th. Stockholders of record on Friday, December 26th were issued a $0.1276 dividend. This represents a dividend yield of 40.0%. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Global Equity ETF Company Profile

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.