Capital Group Growth ETF (NYSEARCA:CGGR) Short Interest Down 34.0% in February

Capital Group Growth ETF (NYSEARCA:CGGR) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 1,715,437 shares, a drop of 34.0% from the February 12th total of 2,598,026 shares. Based on an average daily volume of 3,561,671 shares, the short-interest ratio is presently 0.5 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 3,561,671 shares, the short-interest ratio is presently 0.5 days.

Capital Group Growth ETF Stock Performance

CGGR traded down $0.37 on Friday, hitting $41.49. 3,661,092 shares of the company were exchanged, compared to its average volume of 4,084,707. The business’s fifty day moving average is $43.77 and its 200 day moving average is $43.90. Capital Group Growth ETF has a fifty-two week low of $29.23 and a fifty-two week high of $45.83. The firm has a market capitalization of $18.38 billion, a P/E ratio of 30.88 and a beta of 1.17.

Capital Group Growth ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were paid a $0.0424 dividend. This represents a yield of 19.0%. The ex-dividend date of this dividend was Friday, December 26th.

Institutional Trading of Capital Group Growth ETF

A number of institutional investors have recently bought and sold shares of the company. World Investment Advisors grew its holdings in Capital Group Growth ETF by 25.2% in the fourth quarter. World Investment Advisors now owns 162,438 shares of the company’s stock valued at $7,224,000 after purchasing an additional 32,681 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Capital Group Growth ETF during the 4th quarter worth $2,887,000. Storen Legacy Partners LLC purchased a new position in Capital Group Growth ETF during the 4th quarter valued at about $13,564,000. Worthington Financial Partners LLC acquired a new position in Capital Group Growth ETF during the fourth quarter worth about $3,419,000. Finally, Pure Financial Advisors LLC purchased a new stake in Capital Group Growth ETF in the 4th quarter valued at approximately $203,000.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.