Short Interest in Capital Group Global Equity ETF (NYSEARCA:CGGE) Decreases By 98.9%

Capital Group Global Equity ETF (NYSEARCA:CGGE) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 4,604 shares, a drop of 98.9% from the February 26th total of 429,657 shares. Based on an average daily volume of 1,198,557 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,198,557 shares, the days-to-cover ratio is currently 0.0 days.

Capital Group Global Equity ETF Stock Up 0.8%

Shares of Capital Group Global Equity ETF stock traded up $0.23 on Wednesday, hitting $30.76. 666,791 shares of the company were exchanged, compared to its average volume of 912,079. The company has a 50-day moving average price of $32.19 and a 200 day moving average price of $31.58. The stock has a market capitalization of $1.87 billion, a price-to-earnings 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.

Hedge Funds Weigh In On Capital Group Global Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its stake in shares of Capital Group Global Equity ETF by 760.2% in the 1st quarter. Jane Street Group LLC now owns 114,653 shares of the company’s stock worth $2,965,000 after acquiring an additional 101,325 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Capital Group Global Equity ETF during the 2nd quarter valued at about $263,000. IAG Wealth Partners LLC grew its holdings in shares of Capital Group Global Equity ETF by 6.5% in the second quarter. IAG Wealth Partners LLC now owns 29,079 shares of the company’s stock valued at $849,000 after purchasing an additional 1,785 shares during the period. Gateway Wealth Partners LLC increased its position in Capital Group Global Equity ETF by 18.9% during the second quarter. Gateway Wealth Partners LLC now owns 22,834 shares of the company’s stock worth $667,000 after purchasing an additional 3,637 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in Capital Group Global Equity ETF during the second quarter worth about $2,676,000.

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.