Capital Group Global Equity ETF (NYSEARCA:CGGE) Short Interest Down 93.5% in May

Capital Group Global Equity ETF (NYSEARCA:CGGE) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 4,912 shares, a decrease of 93.5% from the May 14th total of 75,114 shares. Based on an average daily trading volume, of 780,886 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Capital Group Global Equity ETF Trading Down 1.4%

NYSEARCA CGGE traded down $0.49 during trading hours on Wednesday, reaching $33.31. The company had a trading volume of 397,743 shares, compared to its average volume of 784,525. The stock has a 50-day moving average of $33.06 and a 200 day moving average of $32.30. Capital Group Global Equity ETF has a 1-year low of $27.85 and a 1-year high of $34.76. The stock has a market capitalization of $2.52 billion, a P/E ratio of 24.18 and a beta of 0.82.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Capital Group Private Client Services Inc. lifted its position in Capital Group Global Equity ETF by 20.8% in the fourth quarter. Capital Group Private Client Services Inc. now owns 5,413,104 shares of the company’s stock valued at $171,217,000 after buying an additional 932,109 shares during the last quarter. Capital International Investors increased its stake in 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 during the period. Cetera Investment Advisers increased its stake in Capital Group Global Equity ETF by 16.3% during the first quarter. Cetera Investment Advisers now owns 3,285,183 shares of the company’s stock worth $100,198,000 after purchasing an additional 459,321 shares during the period. LPL Financial LLC increased its stake in Capital Group Global Equity ETF by 43.1% during the fourth quarter. LPL Financial LLC now owns 2,741,720 shares of the company’s stock worth $86,721,000 after purchasing an additional 826,247 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Capital Group Global Equity ETF by 356.3% during the fourth quarter. Wells Fargo & Company MN now owns 2,334,375 shares of the company’s stock worth $73,836,000 after purchasing an additional 1,822,747 shares during the period.

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.