Short Interest in Capital Group Growth ETF (NYSEARCA:CGGR) Decreases By 37.9%

Capital Group Growth ETF (NYSEARCA:CGGR) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 2,718,830 shares, a decrease of 37.9% from the July 30th total of 4,375,915 shares. Based on an average trading volume of 2,700,024 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the shares of the stock are short sold.

Capital Group Growth ETF Stock Performance

CGGR stock opened at $46.99 on Monday. Capital Group Growth ETF has a 12-month low of $38.55 and a 12-month high of $48.02. The business’s 50-day moving average is $46.28 and its 200 day moving average is $44.75. The stock has a market cap of $25.29 billion, a price-to-earnings ratio of 30.88 and a beta of 1.18.

Institutional Trading of Capital Group Growth ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LP grew its position in Capital Group Growth ETF by 6.4% in the 2nd quarter. Corient Private Wealth LP now owns 57,262 shares of the company’s stock valued at $2,703,000 after acquiring an additional 3,423 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Capital Group Growth ETF by 456.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 596,270 shares of the company’s stock valued at $28,144,000 after acquiring an additional 489,207 shares during the last quarter. Kintra Wealth LLC raised its holdings in Capital Group Growth ETF by 52.3% during the second quarter. Kintra Wealth LLC now owns 133,023 shares of the company’s stock worth $6,317,000 after purchasing an additional 45,708 shares in the last quarter. Endeavor Private Wealth Inc. raised its stake in Capital Group Growth ETF by 2.4% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 81,796 shares of the company’s stock worth $3,863,000 after acquiring an additional 1,932 shares in the last quarter. Finally, Midwest Heritage Bank FSB lifted its holdings in shares of Capital Group Growth ETF by 1.7% in the 2nd quarter. Midwest Heritage Bank FSB now owns 341,589 shares of the company’s stock valued at $16,123,000 after purchasing an additional 5,854 shares during the last quarter.

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.