Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Expands By 3,409.4%

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 429,657 shares, an increase of 3,409.4% from the February 12th total of 12,243 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 1,022,316 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,022,316 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.7% of the company’s shares are short sold.

Capital Group Global Equity ETF Trading Down 0.0%

Shares of CGGE traded down $0.01 during trading hours on Tuesday, hitting $31.83. 1,132,186 shares of the stock traded hands, compared to its average volume of 954,941. The business has a fifty day moving average of $32.45 and a 200-day moving average of $31.49. The firm has a market capitalization of $1.93 billion, a PE ratio of 24.18 and a beta of 0.72. Capital Group Global Equity ETF has a 1-year low of $22.76 and a 1-year high of $33.20.

Capital Group Global Equity ETF Announces Dividend

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

Institutional Investors Weigh In On Capital Group Global Equity ETF

Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its stake in shares of Capital Group Global Equity ETF by 760.2% during the first quarter. Jane Street Group LLC now owns 114,653 shares of the company’s stock worth $2,965,000 after buying an additional 101,325 shares during the last quarter. PFG Advisors bought a new position in Capital Group Global Equity ETF in the second quarter valued at approximately $202,000. Intrua Financial LLC grew its holdings in Capital Group Global Equity ETF by 462.6% during the 2nd quarter. Intrua Financial LLC now owns 123,870 shares of the company’s stock worth $3,616,000 after acquiring an additional 101,853 shares during the period. Security Financial Services INC. bought a new stake in shares of Capital Group Global Equity ETF during the 2nd quarter valued at $567,000. Finally, Cetera Investment Advisers raised its position in shares of Capital Group Global Equity ETF by 56.4% during the 2nd quarter. Cetera Investment Advisers now owns 1,142,936 shares of the company’s stock valued at $33,362,000 after acquiring an additional 412,304 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.